# Dryness Threatens Australia's Canola Output, Wheat Seen Recovering | ESM Magazine

> Dry weather in western and southern Australia is threatening crops, with canola planting taking a hit as some farmers switch to wheat and barley. Analysts forecast canola area down 6% to 3.1 million hectares and output down 5% to 5.4 million tonnes. Wheat production is expected to rise 11% to 29.3 million tonnes on good rain in eastern states.

- Date: 2024-05-22 · published 2024-05-22T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/30188-dryness-threatens-australia-s-canola-output-wheat-seen-recovering-esm-magazine
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A smaller Australian canola crop tightens global oilseed meal supply, while a larger wheat crop adds export supply that could cap global wheat rallies.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-07-01 | [Dryness threatens Australia's canola output, wheat seen recuperating](https://feedsoft.ai/events/29198-dryness-threatens-australia-s-canola-output-wheat-seen-recuperating.md) | +6.6% | -1.3% |
| WHEAT | 2021-02-17 | [EU Wheat Crops Not Seen Suffering Big Hit From Cold Spell \| ESM Magazine](https://feedsoft.ai/events/48562-eu-wheat-crops-not-seen-suffering-big-hit-from-cold-spell-esm-magazine.md) | +0.8% | -0.3% |
| 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 | 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 | 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% |

## Sources

- esmmagazine.com: https://www.esmmagazine.com/index.php/supply-chain/dryness-threatens-australias-canola-output-wheat-seen-recovering-265772

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