# Rainfall lifts Australia’s wheat harvest by several million tons

> Recent rains in southern Australian wheat areas lifted harvest estimates to around 26 to 28 million tonnes, up from under 25 million a month earlier. Analysts say the crop quality is excellent, though northern areas remain dry.

- Date: 2023-10-23 · published 2023-10-23T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/33573-rainfall-lifts-australia-s-wheat-harvest-by-several-million-tons
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A larger Australian harvest offsets crop losses in Argentina and Canada, adding supply that exerts downward pressure on global wheat prices.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-11-21 | [Australia's $23 billion grain industry is mid-harvest - ABC listen](https://feedsoft.ai/events/27361-australia-s-23-billion-grain-industry-is-mid-harvest-abc-listen.md) | -0.2% | +0.0% |
| 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 | 2025-08-27 | [Analysts lift Australia's wheat harvest forecast on improved crop conditions — TradingView News](https://feedsoft.ai/events/23270-analysts-lift-australia-s-wheat-harvest-forecast-on-improved-crop-conditions.md) | +0.1% | -0.9% |
| 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% |
| 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% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/rainfall-lifts-australias-wheat-harvest-by-several-million-tons/

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