# A boost for harvest cash price | NSW

> A drop in the Australian dollar combined with a rise in CBOT December wheat futures lifted the Australian-dollar price to its highest level since late August. Concerns about the quality of Russia's crop, with less wheat meeting milling grade, supported futures.

- Date: 2016-11-22 · published 2016-11-22T12:00:00.000Z
- Category: macro · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/11922-a-boost-for-harvest-cash-price-nsw
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker Australian dollar lifts local wheat prices and supports cash prices for the Australian harvest. Russian quality concerns add some support to world wheat values.

## Read by commodity

- WHEAT: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-01-24 | [2022 Price Outlook for Hard Red Winter and Soft Red Winter Wheat](https://feedsoft.ai/events/43177-2022-price-outlook-for-hard-red-winter-and-soft-red-winter-wheat.md) | +1.0% | -1.4% |
| WHEAT | 2021-04-30 | [Inflation-tolerant Fed will boost commodity prices \| Reuters](https://feedsoft.ai/events/47512-inflation-tolerant-fed-will-boost-commodity-prices-reuters.md) | -5.5% | -5.0% |
| WHEAT | 2023-03-17 | [As commodity prices slide, dairies brace for collapsing farmgate milk prices](https://feedsoft.ai/events/36864-as-commodity-prices-slide-dairies-brace-for-collapsing-farmgate-milk-prices.md) | -3.7% | -6.8% |
| WHEAT | 2024-09-20 | [Bullish macro-economic environment and hot U.S. finishing weather boost CBOT prices – ProAgri Media](https://feedsoft.ai/events/5605-bullish-macro-economic-environment-and-hot-u-s-finishing-weather-boost-cbot.md) | +11.5% | +6.1% |
| WHEAT | 2026-03-04 | [FAO Food Price Index rises in March as Near East conflict raises energy costs](https://feedsoft.ai/events/12573-fao-food-price-index-rises-in-march-as-near-east-conflict-raises-energy-costs.md) | +1.0% | +2.1% |

## Sources

- theland.com.au: https://www.theland.com.au/story/4316232/smart-marketing-a-boost-for-harvest-cash-price/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.