# A solid export surplus sought | Farm Online | ACT

> Australian planting is gathering pace after good April rains in South Australia, Victoria and New South Wales, while Western Australia and Queensland remain drier. Analysts hope production will rebound from three drought-hit years and allow a solid export surplus.

- Date: 2020-04-27 · published 2020-04-27T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/53614-a-solid-export-surplus-sought-farm-online-act
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Expectations of a recovered Australian crop and renewed exports add to global wheat and barley supply, which is bearish for prices if the planting rains continue.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-06-16 | [Cropping prospects firm up after solid rain \| Farm Online \| ACT](https://feedsoft.ai/events/52594-cropping-prospects-firm-up-after-solid-rain-farm-online-act.md) | +1.5% | -4.7% |
| WHEAT | 2016-11-22 | [Crop expected to nudge 50mt \| Farm Online \| ACT](https://feedsoft.ai/events/73810-crop-expected-to-nudge-50mt-farm-online-act.md) | -2.8% | +0.7% |
| WHEAT | 2021-01-24 | [Markets suffer sharp decline \| Farm Online \| ACT](https://feedsoft.ai/events/9541-markets-suffer-sharp-decline-farm-online-act.md) | +5.0% | +3.5% |
| WHEAT | 2023-05-09 | [Banks note surprise good start for Aussie croppers \| Farm Online \| ACT](https://feedsoft.ai/events/35900-banks-note-surprise-good-start-for-aussie-croppers-farm-online-act.md) | -0.5% | -7.7% |
| WHEAT | 2016-11-01 | [Near record crop beckons \| Farm Online \| ACT](https://feedsoft.ai/events/73815-near-record-crop-beckons-farm-online-act.md) | +0.2% | -3.5% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/6736124/a-solid-export-surplus-sought/

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