# Weekly update - 24 November 2022 - DAFF

> For the week ending 23 November 2022, cold fronts brought significant rain and strong winds to southern Australia, with totals above 50 mm in some alpine and northern areas. Moderate rain prolonged waterlogging of winter crops in southern NSW and Victoria, while dry conditions in Queensland and northern NSW allowed harvesting to continue. La Niña remains mature, and the Bureau's outlook favours above-median rainfall for December to February in eastern cropping regions.

- Date: 2022-11-24 · published 2022-11-24T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/38634-weekly-update-24-november-2022-daff
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Persistent wet weather and waterlogging in eastern Australian cropping areas raise quality and yield risk for wheat and barley, which can support export prices if downgrades build. The La Niña outlook keeps the supply risk in play into summer.

## Read by commodity

- WHEAT: neutral
- BARLEY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-02-24 | [Weekly update - 24 February 2022 - DAFF](https://feedsoft.ai/events/42664-weekly-update-24-february-2022-daff.md) | +6.8% | +25.3% |
| WHEAT | 2022-05-05 | [Weekly update - 5 May 2022 - DAFF](https://feedsoft.ai/events/41377-weekly-update-5-may-2022-daff.md) | -0.2% | +0.3% |
| WHEAT | 2021-10-07 | [Weekly update - 7 October 2021 - DAFF](https://feedsoft.ai/events/44494-weekly-update-7-october-2021-daff.md) | +1.3% | +13.3% |
| WHEAT | 2022-08-18 | [Weekly update - 18 August 2022 - DAFF](https://feedsoft.ai/events/40012-weekly-update-18-august-2022-daff.md) | -9.3% | -10.1% |
| WHEAT | 2021-05-13 | [Weekly update - 13 May 2021 - DAFF](https://feedsoft.ai/events/47055-weekly-update-13-may-2021-daff.md) | -1.8% | -4.6% |

## Sources

- agriculture.gov.au: https://www.agriculture.gov.au/abares/products/weekly_update/weekly-update-241122

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