# Neutral outlook supports Australia’s NSW winter crops | Latest Market News

> ABARES projects New South Wales' 2024-25 winter crop at 15.02 Mt, up 36% from 2023-24 and the fifth largest since records began. Wheat yields are forecast to rise 27% on favourable soil moisture and a neutral rainfall outlook. Southern NSW and Victoria face a more challenging environment.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/31174-neutral-outlook-supports-australia-s-nsw-winter-crops-latest-market-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A large NSW crop would add Australian wheat supply and ease logistics pressure on east coast handling. The outlook weighs on wheat prices, though dryness in parts of the south adds some risk.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-09-02 | [Australia’s winter crops forecast surges \| World Grain](https://feedsoft.ai/events/22824-australia-s-winter-crops-forecast-surges-world-grain.md) | -1.4% | -1.7% |
| WHEAT | 2026-08-31 | [Australia Raises Wheat Crop Forecast as Export Demand Picks Up \| Stock Market News](https://feedsoft.ai/events/17876-australia-raises-wheat-crop-forecast-as-export-demand-picks-up-stock-market-news.md) | +2.2% | +6.1% |
| WHEAT | 2017-02-14 | [Australia's winter grain crop officially a record at 59 million tonnes - ABC News](https://feedsoft.ai/events/72461-australia-s-winter-grain-crop-officially-a-record-at-59-million-tonnes-abc-news.md) | -0.8% | -1.2% |
| WHEAT | 2019-06-11 | [Australia's winter crop forecast to jump 20 per cent says national forecaster ABARES - ABC News](https://feedsoft.ai/events/58544-australia-s-winter-crop-forecast-to-jump-20-per-cent-says-national-forecaster.md) | -4.7% | -8.3% |
| WHEAT | 2019-06-11 | [A mixed start for Australia’s winter crop season \| The National Tribune](https://feedsoft.ai/events/58549-a-mixed-start-for-australia-s-winter-crop-season-the-national-tribune.md) | -4.7% | -8.3% |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2581601-neutral-outlook-supports-australia-s-nsw-winter-crops

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