# Australia's $23 billion grain industry is mid-harvest - ABC listen

> Australian grain farmers in northern New South Wales are reporting a bumper harvest after favourable weather, while southern states have suffered frost and dry conditions. Federal forecasters expect about 50 million tonnes of grain this year.

- Date: 2024-11-21 · published 2024-11-21T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/27361-australia-s-23-billion-grain-industry-is-mid-harvest-abc-listen
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Strong northern output offsets southern losses, leaving a large national grain supply that tends to weigh on export prices.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-10-23 | [Rainfall lifts Australia’s wheat harvest by several million tons](https://feedsoft.ai/events/33573-rainfall-lifts-australia-s-wheat-harvest-by-several-million-tons.md) | -2.5% | -4.8% |
| WHEAT | 2020-12-21 | [Grain harvest exceeds expectations in Australia \| QLD](https://feedsoft.ai/events/49625-grain-harvest-exceeds-expectations-in-australia-qld.md) | +0.4% | +8.0% |
| WHEAT | 2020-12-03 | [Australia to Harvest Second Biggest Wheat Crop on Record \| Feed & Grain](https://feedsoft.ai/events/49623-australia-to-harvest-second-biggest-wheat-crop-on-record-feed-and-grain.md) | +9.8% | +9.8% |
| WHEAT | 2021-08-10 | [Australia expecting another large harvest  \| World Grain](https://feedsoft.ai/events/45533-australia-expecting-another-large-harvest-world-grain.md) | +3.4% | +5.1% |
| WHEAT | 2022-09-12 | [South Australia's grain harvest boosted by August rainfall and 'perfect start' to spring - ABC News](https://feedsoft.ai/events/39540-south-australia-s-grain-harvest-boosted-by-august-rainfall-and-perfect-start-to.md) | -0.5% | +4.9% |

## Sources

- abc.net.au: https://www.abc.net.au/listen/programs/am/australia-s-23-billion-grain-industry-is-mid-harvest/104633492

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