# Australia prepares for bumper harvest as rain boosts NSW winter crops 300% | Australian economy | The Guardian

> Heavy rain over the winter has pulled much of New South Wales out of prolonged drought. Farmers are expecting a spectacular winter harvest as a result.

- Date: 2020-09-21 · published 2020-09-21T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/51092-australia-prepares-for-bumper-harvest-as-rain-boosts-nsw-winter-crops-300
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Recovery from drought and a large expected NSW harvest raise Australian grain export supply, which is bearish for wheat and barley prices.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-05-31 | [Rain in Australia's parched crop zones boosts harvest outlook - Times of India](https://feedsoft.ai/events/30197-rain-in-australia-s-parched-crop-zones-boosts-harvest-outlook-times-of-india.md) | -5.3% | -10.5% |
| 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 | 2024-01-23 | [Australia set to harvest bigger crops after rains defy El Nino](https://feedsoft.ai/events/32081-australia-set-to-harvest-bigger-crops-after-rains-defy-el-nino.md) | -0.1% | -5.5% |
| WHEAT | 2021-07-13 | [Aussie winter crop setting up for another big harvest - Grain Central](https://feedsoft.ai/events/45983-aussie-winter-crop-setting-up-for-another-big-harvest-grain-central.md) | +1.3% | -0.4% |
| WHEAT | 2020-07-29 | [Australia hopes for 'magnificent' wheat crop in pandemic economy - The Business Times](https://feedsoft.ai/events/52071-australia-hopes-for-magnificent-wheat-crop-in-pandemic-economy-the-business.md) | -1.3% | +0.6% |

## Sources

- theguardian.com: https://www.theguardian.com/business/2020/sep/22/australia-prepares-for-bumper-harvest-as-rain-boosts-nsw-winter-crops-300

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