# Dry weather and weaker dollar lifts grain prices
 | Queensland Country Life | QLD

> Domestic grain prices in Southern Queensland posted their biggest gains in months as buyers grew nervous about the lack of planting rains. Stockfeed wheat rose $18 to $280 a tonne on the Darling Downs, barley rose $6 to $246, and sorghum rose $13 to $230. The Australian dollar fell below 73 US cents, adding support.

- Date: 2016-05-16 · published 2016-05-16T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/6787-dry-weather-and-weaker-dollar-lifts-grain-prices-queensland-country-life-qld
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Dry conditions at planting and a weaker Australian dollar raise the local cost of feed grains and encourage forward buying. Export buying of sorghum is also emerging.

## Read by commodity

- WHEAT: bullish ▲
- AUDUSD: bearish ▼
- BARLEY: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-09-24 | [Grain prices surge as crop sink \| Queensland Country Life \| QLD](https://feedsoft.ai/events/62991-grain-prices-surge-as-crop-sink-queensland-country-life-qld.md) | -0.1% | +7.8% |
| WHEAT | 2019-08-18 | [Grain prices firm on WA crop concerns  \| Queensland Country Life \| QLD](https://feedsoft.ai/events/57540-grain-prices-firm-on-wa-crop-concerns-queensland-country-life-qld.md) | -1.3% | -3.5% |
| WHEAT | 2020-01-16 | [Grain prices rally after disappointing harvest \| Queensland Country Life \| QLD](https://feedsoft.ai/events/55032-grain-prices-rally-after-disappointing-harvest-queensland-country-life-qld.md) | -0.2% | -5.3% |
| WHEAT | 2017-09-18 | [ABARES cuts production forecasts

 \| Queensland Country Life \| QLD](https://feedsoft.ai/events/68921-abares-cuts-production-forecasts-queensland-country-life-qld.md) | -0.2% | +3.1% |
| WHEAT | 2018-06-18 | [Crop forecasts tumble with prolonged dry

 \| Queensland Country Life \| QLD](https://feedsoft.ai/events/64498-crop-forecasts-tumble-with-prolonged-dry-queensland-country-life-qld.md) | -0.3% | -3.8% |

## Sources

- queenslandcountrylife.com.au: https://www.queenslandcountrylife.com.au/story/3909921/dry-weather-and-weak-dollar-lifts-grain-prices/

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