# Favourable Australian weather spells second bumper wheat harvest | Financial Post

> Australia is expected to harvest a second consecutive bumper wheat crop after widespread rain ahead of planting in April and May. Forecasts show above-average rainfall for New South Wales and South Australia over the next three months. Cyclone Seroja damaged infrastructure in Western Australia but brought useful rain.

- Date: 2021-05-25 · published 2021-05-25T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/47056-favourable-australian-weather-spells-second-bumper-wheat-harvest-financial-post
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A large Australian wheat crop would add export supply and ease the tight global wheat supply that pushed prices to multi-year highs. Winter weather still carries risk for the crop.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-11-02 | [Just when Australia needs it, wheat farmers start bumper harvest](https://feedsoft.ai/events/50130-just-when-australia-needs-it-wheat-farmers-start-bumper-harvest.md) | -1.8% | -7.4% |
| 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% |
| WHEAT | 2020-12-03 | [Australia to Harvest Second Biggest Wheat Crop on Record \| Feed & Grain](https://feedsoft.ai/events/49623-australia-to-harvest-second-biggest-wheat-crop-on-record-feed-and-grain.md) | +9.8% | +9.8% |
| WHEAT | 2020-11-13 | [Australian harvest puts pressure on wheat prices \| Farm Weekly \| WA](https://feedsoft.ai/events/50202-australian-harvest-puts-pressure-on-wheat-prices-farm-weekly-wa.md) | -2.7% | +4.2% |
| WHEAT | 2020-07-16 | [Australian farmers prepare to harvest large wheat crop](https://feedsoft.ai/events/52069-australian-farmers-prepare-to-harvest-large-wheat-crop.md) | -0.0% | -2.6% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/favourable-australian-weather-spells-second-bumper-wheat-harvest

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