# Canada Rail Blockades Boost Australian Wheat Demand

> Grain Brokers Australia's weekly commentary says farmer selling has increased as the southern harvest gathers pace and a stronger Australian dollar pushed grain prices lower. Drought has left Queensland and northern New South Wales with record-low production, and Central Queensland wheat came in near 375,000 tonnes.

- Date: 2019-11-05 · published 2019-11-05T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/55977-canada-rail-blockades-boost-australian-wheat-demand
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Harvest selling pressure in the south is weighing on Australian wheat values, while domestic shortages in the north limit downside. Prices are expected to hinge on China's buying decisions.

## Read by commodity

- WHEAT: bearish ▼

## Sources

- grainbrokers.com.au: https://www.grainbrokers.com.au/market-awaits-news-from-china-as-the-barley-harvest-swings-into-gear/

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