# Feedgrain Focus: New-crop prices tumble on forecast rain - Grain Central

> New-crop wheat and barley values fell by as much as $30 per tonne in eastern Australia, driven by trade selling ahead of a rain front. Victoria received up to 25mm of rain, and parts of New South Wales and Queensland were forecast to get 10-30mm. Sorghum, wheat and barley all sold off sharply.

- Date: 2019-05-02 · published 2019-05-02T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/7490-feedgrain-focus-new-crop-prices-tumble-on-forecast-rain-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Rain improves the outlook for dry-sown and new crops, which reduces the supply risk premium that had built into prices and pushes Australian feedgrain values lower.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-06-28 | [Feedgrain Focus: CQ wheat guides new-crop pricing - Beef Central](https://feedsoft.ai/events/58713-feedgrain-focus-cq-wheat-guides-new-crop-pricing-beef-central.md) | -8.5% | -12.7% |
| WHEAT | 2021-03-18 | [Feedgrain Focus: Rain, full supply chain pressure prices - Grain Central](https://feedsoft.ai/events/12400-feedgrain-focus-rain-full-supply-chain-pressure-prices-grain-central.md) | +0.9% | -3.3% |
| WHEAT | 2025-10-16 | [Feedgrain Focus: Barley rallies amid dry, increased buying - Grain Central](https://feedsoft.ai/events/22469-feedgrain-focus-barley-rallies-amid-dry-increased-buying-grain-central.md) | +0.6% | -2.3% |
| WHEAT | 2017-08-14 | [WA winter crop forecast now 10Mt – up from 7.8Mt last month - Grain Central](https://feedsoft.ai/events/69414-wa-winter-crop-forecast-now-10mt-up-from-7-8mt-last-month-grain-central.md) | +0.4% | -0.1% |
| WHEAT | 2020-03-18 | [Australian wheat crop forecast at 21.4-27.9Mt as seeding starts - Grain Central](https://feedsoft.ai/events/54098-australian-wheat-crop-forecast-at-21-4-27-9mt-as-seeding-starts-grain-central.md) | -5.7% | -1.5% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/feedgrain-focus-new-crop-prices-tumble-on-forecast-rain/

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