# Favourable season despite early El Nino fears

> Local wheat growers the Taylor family have won another wheat competition, with their crop estimated to yield 7.2 tonnes per hectare. The story reports a favourable growing season despite early concerns about El Niño.

- Date: 2026-11-03 · published 2026-11-04T00:55:38.048Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/78900-favourable-season-despite-early-el-nino-fears
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Strong yield estimates point to ample Australian wheat supply, which is mildly bearish for wheat prices and export competitiveness. El Niño risk remains a watch item for later in the season.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-07-19 | [EU Heading For Large Wheat Crop Despite Early Summer Heatwave \| ESM Magazine](https://feedsoft.ai/events/58035-eu-heading-for-large-wheat-crop-despite-early-summer-heatwave-esm-magazine.md) | -2.5% | -2.5% |
| WHEAT | 2017-06-22 | [El Nino risk recedes](https://feedsoft.ai/events/70415-el-nino-risk-recedes.md) | -0.5% | -0.7% |
| WHEAT | 2024-12-16 | [Dry autumn overall favourable for winter cereals - Joint Research Centre](https://feedsoft.ai/events/26896-dry-autumn-overall-favourable-for-winter-cereals-joint-research-centre.md) | -0.2% | -0.0% |
| WHEAT | 2022-12-19 | [EU grains harvest in 2023 to recover nearly all lost ground, despite early test from cold - Grain Price News](https://feedsoft.ai/events/38167-eu-grains-harvest-in-2023-to-recover-nearly-all-lost-ground-despite-early-test.md) | -1.5% | -5.0% |
| WHEAT | 2019-05-24 | [Strong El Niño this year appears unlikely](https://feedsoft.ai/events/59007-strong-el-nino-this-year-appears-unlikely.md) | -12.2% | -6.1% |

## Sources

- grenfellrecord.com.au: https://www.grenfellrecord.com.au/news/rural/favourable-season-despite-early-el-nino-fears-dieskw6h

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