# Rain boosts Australia’s wheat production outlook but weak Chinese demand looms – BILYONARYO Business

> Reuters reports that rain has improved Australia's 2024/25 wheat outlook, with StoneX forecasting about 30 million tonnes. Analysts say weak Chinese demand could sharply cut Australian exports, with no replacement market available.

- Date: 2024-07-31 · published 2024-07-31T12:00:00.000Z
- Category: trade · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/29200-rain-boosts-australia-s-wheat-production-outlook-but-weak-chinese-demand-looms
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Expected weak Chinese imports and a larger Australian crop point to downward pressure on wheat export prices at harvest.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-08-05 | [eFeedLink - Australian wheat production boosted by rainfall, but Chinese demand may lag](https://feedsoft.ai/events/28739-efeedlink-australian-wheat-production-boosted-by-rainfall-but-chinese-demand.md) | +4.7% | -2.4% |
| 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 | 2021-01-11 | [Bumper wheat crop helps Australia look beyond China \| Agriculture \| Al Jazeera](https://feedsoft.ai/events/49108-bumper-wheat-crop-helps-australia-look-beyond-china-agriculture-al-jazeera.md) | +1.4% | -4.0% |
| 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 | 2021-06-19 | [EU wheat export outlook promising as harvest, Russia eyed - Markets - Business Recorder](https://feedsoft.ai/events/46641-eu-wheat-export-outlook-promising-as-harvest-russia-eyed-markets-business.md) | -8.4% | -11.3% |

## Sources

- bilyonaryo.com: https://bilyonaryo.com/rain-boosts-australias-wheat-production-outlook-but-weak-chinese-demand-looms/

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