AgriculturePublished: 3 November 2026 at 03:08

US wheat bounces back while hail damages crops in Australia's Victoria

US wheat rebounded overnight. In Australia, hail has damaged some crops in the Victorian Mallee and northern Wimmera.

A grain market summary dated 3 November 2026 reports two developments for the agricultural sector: the US wheat market recovered overnight, and in Australia hail has damaged some crops.

US wheat

US wheat prices bounced higher overnight. The source gives no price levels, size of the move or reasons for it, so the extent of the rebound is unclear.

Hail damage in Australia

In Australia, hail has damaged some crops in the Mallee and northern Wimmera districts of the state of Victoria. The source does not say which crops were affected, how large an area was hit or how big the losses are.

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