# Australia: Rain reignites southern inverse

> Compounding rain and flooding in southern Australia are widening prompt versus new-crop price spreads as harvest delays and logistics issues persist. Grade spreads over feed have widened, and cottonseed prices have risen on flood-related transport problems in New South Wales. Northern feedgrain values eased as Queensland and northern NSW new crop arrived.

- Date: 2022-11-18 · published 2022-11-18T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/38800-australia-rain-reignites-southern-inverse
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Cottonseed Meal](https://feedsoft.ai/c/CSM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Flood-related delays limit grain movement in the south, supporting nearby feed grain and cottonseed meal values, while northern supply keeps the north soft.

## Read by commodity

- CSM: bullish ▲
- WHEAT: bullish ▲
- BARLEY: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-11-17 | [Feedgrain Focus: Rain reignites southern inverse - Grain Central](https://feedsoft.ai/events/38798-feedgrain-focus-rain-reignites-southern-inverse-grain-central.md) | +1.0% | -0.5% |
| 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 | 2020-01-17 | [South Australia estimates winter crop at 6.25Mt - Grain Central](https://feedsoft.ai/events/55029-south-australia-estimates-winter-crop-at-6-25mt-grain-central.md) | +0.1% | -5.2% |
| WHEAT | 2024-09-13 | [Australia: Southern new-crop firms as yield outlook slips](https://feedsoft.ai/events/28361-australia-southern-new-crop-firms-as-yield-outlook-slips.md) | -2.1% | +4.4% |
| WHEAT | 2018-08-01 | [South Australia predicts reduced wheat crop of 3.95Mt - Grain Central](https://feedsoft.ai/events/63506-south-australia-predicts-reduced-wheat-crop-of-3-95mt-grain-central.md) | +3.6% | +1.0% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/australia-rain-reignites-southern-inverse/

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