# Farmers Rejoice As Rain Boosts Crops - thegoodwills.com

> An Australian grain article reports that favourable spring rainfall lifted soil moisture during the critical grain development period, improving winter crop prospects in New South Wales, Victoria and South Australia. It cites ABARES' December report and notes that the Downs region had previously suffered drought.

- Date: 2021-01-29 · published 2021-01-29T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/49102-farmers-rejoice-as-rain-boosts-crops-thegoodwills-com
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Better yields in a major exporting region add to global wheat supply, which tends to weigh on wheat prices and export competitiveness.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-06-12 | [GRAIN MARKETS: Crops tumble as rain moves in](https://feedsoft.ai/events/70423-grain-markets-crops-tumble-as-rain-moves-in.md) | -0.5% | +0.3% |
| WHEAT | 2020-09-21 | [Australia prepares for bumper harvest as rain boosts NSW winter crops 300% \| Australian economy \| The Guardian](https://feedsoft.ai/events/51092-australia-prepares-for-bumper-harvest-as-rain-boosts-nsw-winter-crops-300.md) | -1.9% | +7.9% |
| WHEAT | 2025-04-19 | [Record wheat, rice stocks as spells of rain shielded crops \| India News](https://feedsoft.ai/events/25059-record-wheat-rice-stocks-as-spells-of-rain-shielded-crops-india-news.md) | +2.5% | +2.9% |
| WHEAT | 2020-10-13 | [Crop set to be one of the biggest on record as headers start to roll \| Farm Online \| ACT](https://feedsoft.ai/events/50602-crop-set-to-be-one-of-the-biggest-on-record-as-headers-start-to-roll-farm.md) | +1.8% | -0.1% |
| WHEAT | 2021-04-29 | [Amid COVID-19 chaos and protests, India's farmers eye record wheat crop](https://feedsoft.ai/events/47566-amid-covid-19-chaos-and-protests-india-s-farmers-eye-record-wheat-crop.md) | -5.4% | -5.4% |

## Sources

- thegoodwills.com: https://www.thegoodwills.com/farmers-rejoice-as-rain-boosts-crops/

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