# Australia: Big yields, lower proteins feature 29.09.2022 - UkrAgroConsult

> Australian wheat yield prospects are strong, with unofficial estimates putting the Queensland crop above the 2008-09 record of 2 Mt. Buyers of new-crop wheat are largely staying out of the market as harvest starts. La Niña could slow harvest and haulage, but large stocks in New South Wales and Western Australia provide a buffer.

- Date: 2022-09-29 · published 2022-09-29T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/39662-australia-big-yields-lower-proteins-feature-29-09-2022-ukragroconsult
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A large Australian crop and cautious buying weigh on export prices for wheat and barley, while La Niña weather risk to harvest logistics is a short-term offset.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-06-14 | [La Nina affect on Australia and India questioned 14.06.2022 - UkrAgroConsult](https://feedsoft.ai/events/40863-la-nina-affect-on-australia-and-india-questioned-14-06-2022-ukragroconsult.md) | -1.6% | -13.3% |
| WHEAT | 2021-06-17 | [Soybeans close $1.18 lower, corn ends limit down \| Thursday, June 17, 2021 - UkrAgroConsult](https://feedsoft.ai/events/5765-soybeans-close-1-18-lower-corn-ends-limit-down-thursday-june-17-2021.md) | -7.8% | -12.3% |
| WHEAT | 2020-04-29 | [Case study: Australia’s pasture growth means less demand for feed - Food & Agribusiness](https://feedsoft.ai/events/53611-case-study-australia-s-pasture-growth-means-less-demand-for-feed-food-and.md) | +2.7% | +2.3% |
| WHEAT | 2020-05-05 | [Looking around the grounds at Australia's winter crop prospects \| NSW](https://feedsoft.ai/events/53072-looking-around-the-grounds-at-australia-s-winter-crop-prospects-nsw.md) | -1.7% | -1.0% |
| WHEAT | 2020-12-03 | [Soybeans firm after 2-week low, wheat slips on Australian crop \| Financial Post](https://feedsoft.ai/events/5270-soybeans-firm-after-2-week-low-wheat-slips-on-australian-crop-financial-post.md) | +9.8% | +9.8% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/australia-big-yields-lower-proteins-feature/

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