# Dryness threatens Australia's canola output, wheat seen recuperating

> Dry weather in Western and South Australia threatens canola output, which is expected to fall about 5%. Eastern states have adequate rain, which is expected to lift overall wheat output by 11% to 29.3 million tonnes.

- Date: 2024-07-01 · published 2024-07-01T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/29198-dryness-threatens-australia-s-canola-output-wheat-seen-recuperating
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower Australian canola supply supports vegetable oil and canola meal prices, while a larger wheat crop adds export pressure.

## Read by commodity

- WHEAT: bearish ▼
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-05-22 | [Dryness Threatens Australia's Canola Output, Wheat Seen Recovering \| ESM Magazine](https://feedsoft.ai/events/30188-dryness-threatens-australia-s-canola-output-wheat-seen-recovering-esm-magazine.md) | -7.4% | -10.9% |
| WHEAT | 2024-12-18 | [COMMODITIES 2025: Australia to see jump in wheat output but quality concerns remain \| S&P Global](https://feedsoft.ai/events/26922-commodities-2025-australia-to-see-jump-in-wheat-output-but-quality-concerns.md) | +1.4% | -0.4% |
| WHEAT | 2018-03-06 | [La Niña Rains Bring Relief to Australian Wheat](https://feedsoft.ai/events/65929-la-nina-rains-bring-relief-to-australian-wheat.md) | -0.0% | -0.2% |
| WHEAT | 2024-04-08 | [Canola plantings in Australia may decline](https://feedsoft.ai/events/30669-canola-plantings-in-australia-may-decline.md) | +3.2% | +1.3% |
| 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% |

## Sources

- energynews.oedigital.com: https://energynews.oedigital.com/environment/2024/07/01/dryness-threatens-australias-canola-output-wheat-seen-recuperating

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