# Australian harvest puts pressure on wheat prices | Farm Weekly | WA

> Australian wheat prices have eased as growers sell off the header, with some forecasters now projecting a national crop as large as 32 million tonnes. Australian wheat has fallen below Russian prices into Southeast Asia for the first time in four years. CBOT futures pulled back after rains eased dry concerns in Russia, the US and Argentina.

- Date: 2020-11-13 · published 2020-11-13T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/50202-australian-harvest-puts-pressure-on-wheat-prices-farm-weekly-wa
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Cheaper Australian wheat undercuts Russian supply into Asia and pressures world wheat prices. Easing dry concerns in major exporters reduce the risk premium.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: neutral
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| 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 | 2021-05-25 | [Favourable Australian weather spells second bumper wheat harvest \| Financial Post](https://feedsoft.ai/events/47056-favourable-australian-weather-spells-second-bumper-wheat-harvest-financial-post.md) | -2.5% | -3.2% |
| 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 | 2024-11-25 | [Australia: WA harvest surprises with potential seen for 18.6Mt](https://feedsoft.ai/events/27365-australia-wa-harvest-surprises-with-potential-seen-for-18-6mt.md) | -0.0% | +2.3% |
| KWHEAT | 2024-08-23 | [Wheat prices in Ukraine fall under pressure from falling world prices](https://feedsoft.ai/events/28813-wheat-prices-in-ukraine-fall-under-pressure-from-falling-world-prices.md) | +3.1% | +6.6% |
| KWHEAT | 2025-03-25 | [Wheat prices fall amid increased rainfall in the US, Ukraine and Russia, which increases pressure on prices in Ukraine](https://feedsoft.ai/events/25622-wheat-prices-fall-amid-increased-rainfall-in-the-us-ukraine-and-russia-which.md) | -3.6% | -5.5% |
| KWHEAT | 2017-03-22 | [Good weather increases pressure on the wheat exchange](https://feedsoft.ai/events/10729-good-weather-increases-pressure-on-the-wheat-exchange.md) | -3.3% | -4.9% |

## Sources

- farmweekly.com.au: https://www.farmweekly.com.au/story/7006385/australian-harvest-puts-pressure-on-wheat-prices/

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