# Weekly Australian Climate, Water and Agricultural Update, 16 May 2024 - DAFF

> Rainfall of 50 to 100 millimetres fell in eastern Australia in the week ending 15 May, benefiting winter crop germination. South Australia, much of Western Australia and western Victoria remain deficient in rain, posing a downside risk to 2024-25 winter crop production.

- Date: 2024-05-16 · published 2024-05-16T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/30189-weekly-australian-climate-water-and-agricultural-update-16-may-2024-daff
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Persistent dryness in key western and southern grain areas raises the risk of a smaller Australian wheat and canola crop, supporting global prices if it persists.

## Read by commodity

- WHEAT: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-05-15 | [Weekly Australian Climate, Water and Agricultural Update, 15 May 2025 - DAFF](https://feedsoft.ai/events/24626-weekly-australian-climate-water-and-agricultural-update-15-may-2025-daff.md) | -3.9% | -3.2% |
| WHEAT | 2025-10-16 | [Weekly Australian Climate, Water and Agricultural Update, 16 October 2025 - DAFF](https://feedsoft.ai/events/22343-weekly-australian-climate-water-and-agricultural-update-16-october-2025-daff.md) | +0.6% | -2.3% |
| WHEAT | 2023-11-16 | [Weekly Australian Climate, Water and Agricultural Update, 16 November 2023 - DAFF](https://feedsoft.ai/events/33121-weekly-australian-climate-water-and-agricultural-update-16-november-2023-daff.md) | +3.7% | +0.5% |
| WHEAT | 2026-04-23 | [Weekly Australian Climate, Water and Agricultural Update, 23 April 2026 - DAFF](https://feedsoft.ai/events/19687-weekly-australian-climate-water-and-agricultural-update-23-april-2026-daff.md) | +1.4% | +2.5% |
| WHEAT | 2023-10-19 | [Weekly Australian Climate, Water and Agricultural Update, 19 October 2023 - DAFF](https://feedsoft.ai/events/33572-weekly-australian-climate-water-and-agricultural-update-19-october-2023-daff.md) | -2.6% | -4.4% |

## Sources

- agriculture.gov.au: https://www.agriculture.gov.au/abares/products/weekly_update/weekly-update-16524

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