# Growers optimistic as winter crop sowing gets underway | The Land | NSW

> Winter crop sowing is underway across NSW and Queensland after above-average summer rain built subsoil moisture. ABARES projects a 2% rise in the nominal value of crop production to $49 billion, led by wheat and barley, while canola area is expected to rise about 1% to 3.5 million hectares. Wheat prices are forecast to stay low through 2024 given ample global supply.

- Date: 2024-04-16 · published 2024-04-16T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/30665-growers-optimistic-as-winter-crop-sowing-gets-underway-the-land-nsw
- 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

Expanding Australian crop area and ample global wheat supply point to continued pressure on wheat and barley export prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-05-31 | [Growers in most states welcome wet winter weather forecast for crops \| The Land \| NSW](https://feedsoft.ai/events/53050-growers-in-most-states-welcome-wet-winter-weather-forecast-for-crops-the-land.md) | -1.2% | -1.0% |
| WHEAT | 2020-05-05 | [Looking around the grounds at Australia's winter crop prospects \| NSW](https://feedsoft.ai/events/53072-looking-around-the-grounds-at-australia-s-winter-crop-prospects-nsw.md) | -1.7% | -1.0% |
| WHEAT | 2021-07-20 | [Record-busting crops are on the cards \| The Land \| NSW](https://feedsoft.ai/events/46018-record-busting-crops-are-on-the-cards-the-land-nsw.md) | -1.2% | +1.7% |
| WHEAT | 2017-01-12 | [NSW winter crop set to break the record - ABC News](https://feedsoft.ai/events/72954-nsw-winter-crop-set-to-break-the-record-abc-news.md) | +0.9% | +5.3% |
| 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% |

## Sources

- theland.com.au: https://www.theland.com.au/story/8594015/growers-optimistic-as-winter-crop-sowing-gets-underway/

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