# New grain prices move higher | QLD

> New-crop east coast grain prices rose sharply, with ASX wheat futures up A$22.50 to A$348.50 a tonne. Drought has stopped many Queensland and northern NSW farmers from seeding winter crops, and frosts have added to concerns about southern NSW.

- Date: 2018-07-22 · published 2018-07-22T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/63988-new-grain-prices-move-higher-qld
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Widespread planting failures in key Australian regions mean tighter feed grain supply and higher prices for buyers sourcing barley and wheat from the east coast.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-05-29 | [How high can grain prices grow \| Saxo](https://feedsoft.ai/events/10898-how-high-can-grain-prices-grow-saxo.md) | +9.6% | +15.3% |
| WHEAT | 2017-07-11 | [ABN Amro: Grain prices higher due to US drought • De Molenaar](https://feedsoft.ai/events/70017-abn-amro-grain-prices-higher-due-to-us-drought-de-molenaar.md) | -2.0% | -1.7% |
| WHEAT | 2019-01-28 | [Global grain prices on the move \| Farm Online \| ACT](https://feedsoft.ai/events/61168-global-grain-prices-on-the-move-farm-online-act.md) | +0.1% | -2.8% |
| WHEAT | 2017-06-06 | [What will be the trigger to push grain prices higher? - Grain Central](https://feedsoft.ai/events/70536-what-will-be-the-trigger-to-push-grain-prices-higher-grain-central.md) | -1.0% | +2.0% |
| WHEAT | 2021-04-24 | [Grain prices pushed higher as weather worries grow - Farmers Weekly](https://feedsoft.ai/events/10294-grain-prices-pushed-higher-as-weather-worries-grow-farmers-weekly.md) | +3.3% | -0.2% |

## Sources

- queenslandcountrylife.com.au: https://www.queenslandcountrylife.com.au/story/5540529/new-crop-prices-sharply-higher/

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