# Rain in Australia's parched crop zones boosts harvest outlook - Times of India

> Recent rains in parched Western and South Australia could add up to a million tons to the country's wheat harvest, analysts said. The rain also benefits barley and canola, and forecasts still exceed 30 million tons for wheat.

- Date: 2024-05-31 · published 2024-05-31T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/30197-rain-in-australia-s-parched-crop-zones-boosts-harvest-outlook-times-of-india
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Higher Australian wheat output eases global supply after Russian losses, which is bearish for wheat and could cushion canola and barley prices.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-09-21 | [Australia prepares for bumper harvest as rain boosts NSW winter crops 300% \| Australian economy \| The Guardian](https://feedsoft.ai/events/51092-australia-prepares-for-bumper-harvest-as-rain-boosts-nsw-winter-crops-300.md) | -1.9% | +7.9% |
| WHEAT | 2025-07-31 | [Australia's crop outlook improves after soaking rainfall \| The Land \| NSW](https://feedsoft.ai/events/23717-australia-s-crop-outlook-improves-after-soaking-rainfall-the-land-nsw.md) | -0.5% | -0.1% |
| 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% |
| WHEAT | 2024-01-23 | [Australia set to harvest bigger crops after rains defy El Nino](https://feedsoft.ai/events/32081-australia-set-to-harvest-bigger-crops-after-rains-defy-el-nino.md) | -0.1% | -5.5% |
| WHEAT | 2022-09-12 | [South Australia's grain harvest boosted by August rainfall and 'perfect start' to spring - ABC News](https://feedsoft.ai/events/39540-south-australia-s-grain-harvest-boosted-by-august-rainfall-and-perfect-start-to.md) | -0.5% | +4.9% |

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/world/rest-of-world/rain-in-australias-parched-crop-zones-boosts-harvest-outlook/articleshow/110585351.cms

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