# Bumper wheat crop helps Australia look beyond China | Agriculture | Al Jazeera

> A Bloomberg analysis says heavy rain has lifted Australian wheat output toward a second-largest crop of more than 30 million tonnes. Dry weather in Russia and other northern hemisphere regions is tightening global supply, and Southeast Asian buyers are expected to shift back to Australia.

- Date: 2021-01-11 · published 2021-01-11T12:00:00.000Z
- Category: trade · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/49108-bumper-wheat-crop-helps-australia-look-beyond-china-agriculture-al-jazeera
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Expected buyer shifts to Australia increase its export share, while poor Northern Hemisphere crops support prices, creating a mixed but meaningful effect on wheat.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-11-30 | [Wheat falls as Russia eases limits, Australia sees bumper crop \| Air Freight News](https://feedsoft.ai/events/50196-wheat-falls-as-russia-eases-limits-australia-sees-bumper-crop-air-freight-news.md) | -0.9% | +8.3% |
| WHEAT | 2024-08-05 | [Australia: China missed as wheat harvest nears: AGIC](https://feedsoft.ai/events/28740-australia-china-missed-as-wheat-harvest-nears-agic.md) | +4.7% | -2.4% |
| WHEAT | 2019-01-30 | [Headwinds ahead for Australian agriculture: Rabobank - Grain Central](https://feedsoft.ai/events/61048-headwinds-ahead-for-australian-agriculture-rabobank-grain-central.md) | -0.7% | -5.8% |
| WHEAT | 2019-07-04 | [Australian Agriculture Sector Likely To Get Impacted From The U.S-China Trade Truce](https://feedsoft.ai/events/58043-australian-agriculture-sector-likely-to-get-impacted-from-the-u-s-china-trade.md) | -1.2% | -4.3% |
| WHEAT | 2024-07-31 | [Rain boosts Australia’s wheat production outlook but weak Chinese demand looms – BILYONARYO Business](https://feedsoft.ai/events/29200-rain-boosts-australia-s-wheat-production-outlook-but-weak-chinese-demand-looms.md) | +5.3% | -2.8% |

## Sources

- aljazeera.com: https://www.aljazeera.com/economy/2021/1/11/bb-bumper-wheat-crop-helps-australia-look-beyond-china

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