# Wheat weakens, canola holds firm - Mecardo

> Wheat prices in Australia weakened as the CBOT SRW market slid toward 12-month lows and the stronger Australian dollar reduced export competitiveness. Dry weather on the East Coast kept port prices firm, while WA prices fell in line with SRW. Barley held its ground in the domestic market.

- Date: 2025-04-29 · published 2025-04-29T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/25159-wheat-weakens-canola-holds-firm-mecardo
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A stronger Australian dollar and lower CBOT values push Australian wheat and barley export prices down, adding competition for feed grain buyers in Asia.

## Read by commodity

- WHEAT: bearish ▼
- AUDUSD: bullish ▲
- BARLEY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2016-06-28 | [EU wheat prices weaken as firmer euro dents export outlook](https://feedsoft.ai/events/11730-eu-wheat-prices-weaken-as-firmer-euro-dents-export-outlook.md) | -2.7% | -3.5% |
| WHEAT | 2016-06-20 | [EU wheat capped by firmer euro as Brexit signs wane](https://feedsoft.ai/events/10755-eu-wheat-capped-by-firmer-euro-as-brexit-signs-wane.md) | +2.7% | -8.2% |
| WHEAT | 2022-10-29 | [Corn, wheat sag on firm dollar, concerns over US export demand - Markets - Business Recorder](https://feedsoft.ai/events/4932-corn-wheat-sag-on-firm-dollar-concerns-over-us-export-demand-markets-business.md) | -5.6% | +2.4% |
| WHEAT | 2018-05-07 | [Wheat drops 3% as dollar hits 2018 peak](https://feedsoft.ai/events/7882-wheat-drops-3-as-dollar-hits-2018-peak.md) | -4.2% | -1.0% |
| WHEAT | 2024-11-14 | [Rising dollar and rain forecasts weigh on US wheat](https://feedsoft.ai/events/27444-rising-dollar-and-rain-forecasts-weigh-on-us-wheat.md) | -0.5% | +0.2% |

## Sources

- mecardo.com.au: https://mecardo.com.au/wheat-weakens-canola-holds-firm/

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