# Weekly Australian Climate, Water and Agricultural Update, 15 August 2024 - DAFF

> Rain of up to 200 mm fell across eastern Australia in the week ending 14 August 2024, with 10-150 mm in Queensland cropping areas and 5-50 mm in New South Wales. Forecasts show more rain for southern Australia and a dry high-pressure system over the north.

- Date: 2024-08-15 · published 2024-08-15T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/28735-weekly-australian-climate-water-and-agricultural-update-15-august-2024-daff
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Rain supports winter crop yields and soil moisture for summer crops, which tends to add to Australian wheat supply expectations and weigh mildly on prices.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-03-18 | [Australian Crop Update – Week 12, 2025](https://feedsoft.ai/events/25547-australian-crop-update-week-12-2025.md) | -1.0% | -2.0% |
| WHEAT | 2023-05-18 | [Weekly update - 18 May 2023 - DAFF](https://feedsoft.ai/events/35904-weekly-update-18-may-2023-daff.md) | -1.2% | -6.5% |
| WHEAT | 2016-12-16 | [Indonesia: Grain and Feed Update \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/73403-indonesia-grain-and-feed-update-usda-foreign-agricultural-service.md) | -1.9% | +0.9% |
| WHEAT | 2020-11-13 | [Australian harvest puts pressure on wheat prices \| Farm Weekly \| WA](https://feedsoft.ai/events/50202-australian-harvest-puts-pressure-on-wheat-prices-farm-weekly-wa.md) | -2.7% | +4.2% |
| WHEAT | 2020-12-03 | [Soybeans firm after 2-week low, wheat slips on Australian crop \| Financial Post](https://feedsoft.ai/events/5270-soybeans-firm-after-2-week-low-wheat-slips-on-australian-crop-financial-post.md) | +9.8% | +9.8% |

## Sources

- agriculture.gov.au: https://www.agriculture.gov.au/abares/products/weekly_update/weekly-update-15824

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