# Victorian farmers fear wet La Niña will damage grain harvest  - ABC News

> The Victorian Farmers Federation warns that a wet harvest under a possible La Niña could cut grain prices by 25 to 40 per cent through downgrading. The Bureau of Meteorology gives a 70 per cent chance of La Niña returning this spring. Crops are currently in good condition.

- Date: 2022-08-18 · published 2022-08-18T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/39959-victorian-farmers-fear-wet-la-nina-will-damage-grain-harvest-abc-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Wet harvest weather could lower Australian feed grain quality and availability, which may firm wheat and barley prices if the risk materialises. The threat is still months away and depends on rainfall.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-08-22 | [Record grain harvest potential for Western Australian farmers as prices spike on east coast drought - ABC News](https://feedsoft.ai/events/63501-record-grain-harvest-potential-for-western-australian-farmers-as-prices-spike.md) | +1.0% | -0.6% |
| WHEAT | 2017-05-30 | [Early U.S. winter wheat harvest supports low-protein fears - Grainews](https://feedsoft.ai/events/71031-early-u-s-winter-wheat-harvest-supports-low-protein-fears-grainews.md) | -0.5% | -1.6% |
| WHEAT | 2023-12-06 | [How long will the El Nino last? Latest official forecasts - Grain Price News](https://feedsoft.ai/events/32486-how-long-will-the-el-nino-last-latest-official-forecasts-grain-price-news.md) | -3.5% | +1.1% |
| WHEAT | 2022-07-22 | [What France's speedy wheat harvest says about yield prospects - Grain Price News](https://feedsoft.ai/events/40427-what-france-s-speedy-wheat-harvest-says-about-yield-prospects-grain-price-news.md) | -10.2% | -1.7% |
| WHEAT | 2019-11-27 | [Falling numbers hit wheat farmers hard \| AP News](https://feedsoft.ai/events/56112-falling-numbers-hit-wheat-farmers-hard-ap-news.md) | -0.1% | -1.6% |

## Sources

- abc.net.au: https://www.abc.net.au/news/rural/2022-08-18/la-nina-weather-outlook-australian-grain-harvest/101346034

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