# El Niño expected to bring “normal” wheat crop in Australia - Fastmarkets

> Early signs suggest El Niño will bring a normal Australian wheat crop of roughly 25 to 30 million tonnes, ending a run of record harvests. The weather pattern is expected to bring drier and hotter conditions, although soil moisture is currently good across most of the country. Historically, El Niño years have produced some of the worst eastern Australian droughts.

- Date: 2023-02-23 · published 2023-02-23T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/37301-el-nino-expected-to-bring-normal-wheat-crop-in-australia-fastmarkets
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A smaller Australian crop would reduce export supply after several record years, which supports wheat prices. The effect depends on how dry the coming season turns out.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-04-18 | [Australia’s wheat crop expected to fall](https://feedsoft.ai/events/71460-australia-s-wheat-crop-expected-to-fall.md) | +1.0% | -0.1% |
| WHEAT | 2021-11-29 | [Wheat Markets Find New Legs in Australia - Alberta Grains](https://feedsoft.ai/events/44081-wheat-markets-find-new-legs-in-australia-alberta-grains.md) | -1.1% | -3.5% |
| WHEAT | 2019-02-19 | [Australian wheat crop falls to an 11-year low \| SA](https://feedsoft.ai/events/60575-australian-wheat-crop-falls-to-an-11-year-low-sa.md) | -3.8% | -0.5% |
| WHEAT | 2016-09-16 | [Australia's wheat crop threatened as La Nina climate indicator rises: analysts](https://feedsoft.ai/events/10187-australia-s-wheat-crop-threatened-as-la-nina-climate-indicator-rises-analysts.md) | +0.2% | -0.3% |
| WHEAT | 2022-07-28 | [Dryness-tested Western Australia wheat crop in 'precarious position' - Grain Price News](https://feedsoft.ai/events/40441-dryness-tested-western-australia-wheat-crop-in-precarious-position-grain-price.md) | +4.6% | +0.7% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/el-nino-to-bring-normal-wheat-crop-australia/

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