# Why drought-busting rain depends on the tropical oceans - Grain Central

> Grain Central reports that recent rains have helped fire-affected areas in Australia, but the southeast remains in a multi-year drought. Three consecutive very dry winters in the Murray-Darling basin rank in the driest 10% since 1900.

- Date: 2020-02-26 · published 2020-02-26T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/54518-why-drought-busting-rain-depends-on-the-tropical-oceans-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Persistent drought in southeast Australia limits wheat and barley output and supports export prices as buyers look to other origins.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-08-02 | [Drought sends Australian wheat on a world-beating rally](https://feedsoft.ai/events/9689-drought-sends-australian-wheat-on-a-world-beating-rally.md) | +3.5% | +1.5% |
| WHEAT | 2022-09-20 | [Winter drought rolls into third La Niña for Argentina - Grain Central](https://feedsoft.ai/events/14008-winter-drought-rolls-into-third-la-nina-for-argentina-grain-central.md) | +0.4% | -9.0% |
| WHEAT | 2017-05-30 | [Australian winter planting season update 'around the grounds' - Grain Central](https://feedsoft.ai/events/70956-australian-winter-planting-season-update-around-the-grounds-grain-central.md) | -0.5% | -1.6% |
| WHEAT | 2017-06-20 | [Europe raises the red flag … - Grain Central](https://feedsoft.ai/events/70434-europe-raises-the-red-flag-grain-central.md) | -0.9% | -0.9% |
| WHEAT | 2019-10-21 | [Tough times take toll on Australian winter crop: Rabobank - Grain Central](https://feedsoft.ai/events/56532-tough-times-take-toll-on-australian-winter-crop-rabobank-grain-central.md) | -2.2% | -0.1% |

## Sources

- graincentral.com: https://www.graincentral.com/weather/why-drought-busting-rain-depends-on-the-tropical-oceans/

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