# Weekly update - 24 February 2022 - DAFF

> The Australian Department of Agriculture's weekly update reported rain in northern and eastern regions, with early sown summer crops yielding well and some harvesting stalled. It also said La Niña is active and expected to weaken, with wetter-than-average conditions forecast for March to May.

- Date: 2022-02-24 · published 2022-02-24T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/42664-weekly-update-24-february-2022-daff
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Favourable Australian rainfall and strong yields support ample export supply of grains, which is a mildly bearish factor for world feed-grain prices.

## Read by commodity

- WHEAT: neutral
- BARLEY: neutral
- SORGHUM: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-11-24 | [Weekly update - 24 November 2022 - DAFF](https://feedsoft.ai/events/38634-weekly-update-24-november-2022-daff.md) | -1.0% | -3.4% |
| 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 | 2021-01-21 | [Weekly update - 21 January 2021 - DAFF](https://feedsoft.ai/events/49103-weekly-update-21-january-2021-daff.md) | +4.0% | +2.4% |
| 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-240222

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