# eFeedLink - Australian wheat production boosted by rainfall, but Chinese demand may lag

> Rain has improved prospects for Australia's 2024/25 wheat crop, which analysts see near 30 million tonnes. Chinese demand may fall sharply after record imports in recent years, and wheat prices are already at their lowest since 2020.

- Date: 2024-08-05 · published 2024-08-05T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/28739-efeedlink-australian-wheat-production-boosted-by-rainfall-but-chinese-demand
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Weak Chinese import demand combined with a larger Australian crop points to continued pressure on wheat export prices.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-07-31 | [Rain boosts Australia’s wheat production outlook but weak Chinese demand looms – BILYONARYO Business](https://feedsoft.ai/events/29200-rain-boosts-australia-s-wheat-production-outlook-but-weak-chinese-demand-looms.md) | +5.3% | -2.8% |
| WHEAT | 2025-05-27 | [Weak Chinese demand leaves Australia with too much wheat \| Reuters](https://feedsoft.ai/events/24704-weak-chinese-demand-leaves-australia-with-too-much-wheat-reuters.md) | +2.2% | -0.4% |
| WHEAT | 2025-11-06 | [U.S. grains: Soybeans, wheat plummet from highs on limited Chinese demand - Grainews](https://feedsoft.ai/events/8211-u-s-grains-soybeans-wheat-plummet-from-highs-on-limited-chinese-demand-grainews.md) | -4.0% | -1.5% |
| WHEAT | 2022-09-26 | [Chinese demand for grain imports takes tumble \| The Western Producer](https://feedsoft.ai/events/14900-chinese-demand-for-grain-imports-takes-tumble-the-western-producer.md) | +0.6% | -10.1% |
| WHEAT | 2023-08-16 | [Despite Challenging Markets, US Wheat Producers Positioned to Meet Sophisticated Demand - Northern Ag Network](https://feedsoft.ai/events/34631-despite-challenging-markets-us-wheat-producers-positioned-to-meet-sophisticated.md) | -1.7% | -4.3% |

## Sources

- m.efeedlink.com: https://m.efeedlink.com/contents/08-05-2024/fbd24d1e-23d8-48ea-869d-b31b895f6936-0003.html

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