# Waterlogged Australian wheat crop faces extensive quality downgrades

> Flooding and excessive rains in key parts of Australia are lowering the quality of the wheat crop. Australia is the world's No. 2 wheat supplier, and dryness in North America and the Russia-Ukraine war are also curbing supplies.

- Date: 2022-11-03 · published 2022-11-03T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/7286-waterlogged-australian-wheat-crop-faces-extensive-quality-downgrades
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Quality downgrades reduce usable Australian wheat supply, supporting wheat prices and the cost of wheat-based feed ingredients.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-04-18 | [Australia’s wheat crop expected to fall](https://feedsoft.ai/events/71460-australia-s-wheat-crop-expected-to-fall.md) | +1.0% | -0.1% |
| WHEAT | 2019-02-19 | [Australian wheat crop falls to an 11-year low \| SA](https://feedsoft.ai/events/60575-australian-wheat-crop-falls-to-an-11-year-low-sa.md) | -3.8% | -0.5% |
| WHEAT | 2019-10-17 | [Crop Quality Concerns, Minimal Farmer Selling Drive U.S. Spring Wheat Export Prices - U.S. Wheat Associates](https://feedsoft.ai/events/56609-crop-quality-concerns-minimal-farmer-selling-drive-u-s-spring-wheat-export.md) | -1.5% | +0.7% |
| WHEAT | 2023-08-30 | [Australian wheat prices improve as expected production declines. \| Farm Weekly \| WA](https://feedsoft.ai/events/34522-australian-wheat-prices-improve-as-expected-production-declines-farm-weekly-wa.md) | +0.2% | +1.5% |
| WHEAT | 2023-12-01 | [Australia: Widespread downgrades likely after rain](https://feedsoft.ai/events/32768-australia-widespread-downgrades-likely-after-rain.md) | +1.0% | -0.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/waterlogged-australian-wheat-crop-faces-extensive-downgrades-2022-11-03/

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