# Australia: Widespread downgrades likely after rain

> Rain in New South Wales and Victoria has raised concerns about widespread downgrading of Australian wheat and barley through sprouting and staining. Northern feed grain prices dropped A$5-10 a tonne, while rain benefited summer crops such as sorghum and cotton.

- Date: 2023-12-01 · published 2023-12-01T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/32768-australia-widespread-downgrades-likely-after-rain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Quality downgrades reduce available milling and malting supply and feed grade values fall, while rain-supported summer crop prospects weigh on feed grain prices.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: neutral
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-11-03 | [Waterlogged Australian wheat crop faces extensive quality downgrades](https://feedsoft.ai/events/7286-waterlogged-australian-wheat-crop-faces-extensive-quality-downgrades.md) | +7.2% | +8.5% |
| WHEAT | 2019-01-29 | [It’s hot! Damn hot! Real hot! - Grain Brokers Australia](https://feedsoft.ai/events/61135-it-s-hot-damn-hot-real-hot-grain-brokers-australia.md) | -0.9% | -5.8% |
| WHEAT | 2018-12-18 | [Weekly Market Report - Grain Brokers Australia](https://feedsoft.ai/events/61642-weekly-market-report-grain-brokers-australia.md) | -1.8% | -2.2% |
| WHEAT | 2018-11-01 | [Australia set for smallest winter crop in a decade: Rural Bank - Grain Central](https://feedsoft.ai/events/61992-australia-set-for-smallest-winter-crop-in-a-decade-rural-bank-grain-central.md) | -3.7% | -5.1% |
| WHEAT | 2024-04-04 | [Australia: Prices jump after wet week for sorghum](https://feedsoft.ai/events/30797-australia-prices-jump-after-wet-week-for-sorghum.md) | +3.6% | +1.0% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/australia-widespread-downgrades-likely-after-rain/

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