Southern Hemisphere grain and oilseed June update: Skyrocketing production costs and El Niño uncertainty

In this episode, members of the global RaboResearch team provide a brief update on grain and oilseed markets and production across some of the Southern Hemisphere’s largest growing regions, including Australia, Southern and Southeast Asia, and South America. Amid ongoing concerns around the Iran conflict and its impact on energy and agricultural inputs, our analysts discuss how these pressures are affecting regional production and profitability, and how impacts may evolve into the second half of 2026. At the same time, the lingering threat of El Niño could introduce additional stress across key growing regions and global trade flows. These combined factors are already driving shifts in crop mix and planted area for the current season, with important implications for 2027 and beyond.