# Banks note surprise good start for Aussie croppers | Farm Online | ACT

> Early sowing in south-eastern and south-western Australia has been strong despite a dry climate outlook, with NAB and Rural Bank reporting near-ideal conditions. Early ABARES forecasts show a 28.2 million tonne wheat crop and 9.9 million tonne barley crop.

- Date: 2023-05-09 · published 2023-05-09T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/35900-banks-note-surprise-good-start-for-aussie-croppers-farm-online-act
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A good planting start limits downside risk to Australian wheat and barley supply, which weighs modestly on feed grain prices, though El Niño remains a key risk to yields.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-08-23 | [Big numbers for Aussie crop \| Farm Online \| ACT](https://feedsoft.ai/events/45532-big-numbers-for-aussie-crop-farm-online-act.md) | +1.1% | +5.4% |
| WHEAT | 2020-10-13 | [Crop set to be one of the biggest on record as headers start to roll \| Farm Online \| ACT](https://feedsoft.ai/events/50602-crop-set-to-be-one-of-the-biggest-on-record-as-headers-start-to-roll-farm.md) | +1.8% | -0.1% |
| WHEAT | 2016-11-01 | [Near record crop beckons \| Farm Online \| ACT](https://feedsoft.ai/events/73815-near-record-crop-beckons-farm-online-act.md) | +0.2% | -3.5% |
| WHEAT | 2020-04-27 | [A solid export surplus sought \| Farm Online \| ACT](https://feedsoft.ai/events/53614-a-solid-export-surplus-sought-farm-online-act.md) | -0.5% | +0.4% |
| WHEAT | 2016-11-22 | [Crop expected to nudge 50mt \| Farm Online \| ACT](https://feedsoft.ai/events/73810-crop-expected-to-nudge-50mt-farm-online-act.md) | -2.8% | +0.7% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/8188786/banks-note-bright-start-to-cropping-season/

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