# Australian wheat benefited from good conditions despite El Niño

> Australian wheat and canola crops avoided heat shock episodes during their development despite a major El Niño. Rainfall was scarce in some production basins but sufficient nationally, and production prospects remain relatively high as harvest begins. Excess rain in recent weeks in eastern Australia could noticeably degrade harvest quality.

- Date: 2026-11-05 · published 2026-11-05T21:13:12.517Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/82466-australian-wheat-benefited-from-good-conditions-despite-el-nino
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Solid Australian wheat and canola output adds supply to the export market and limits upward pressure on feed grain prices. Quality downgrades from rain could shift some tonnage toward feed grade, weighing on wheat values.

## Read by commodity

- WHEAT: bearish ▼
- CANMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-09-22 | [INTERVIEW: Black Sea disruptions poised to benefit Australian wheat: Voznesenski \| S&P Global](https://feedsoft.ai/events/9697-interview-black-sea-disruptions-poised-to-benefit-australian-wheat-voznesenski.md) | -3.2% | -1.5% |
| WHEAT | 2018-03-06 | [La Niña Rains Bring Relief to Australian Wheat](https://feedsoft.ai/events/65929-la-nina-rains-bring-relief-to-australian-wheat.md) | -0.0% | -0.2% |
| WHEAT | 2025-08-27 | [Analysts lift Australia's wheat harvest forecast on improved crop conditions — TradingView News](https://feedsoft.ai/events/23270-analysts-lift-australia-s-wheat-harvest-forecast-on-improved-crop-conditions.md) | +0.1% | -0.9% |
| WHEAT | 2025-04-29 | [Wheat prices are under pressure from improved weather conditions for the new crop](https://feedsoft.ai/events/25156-wheat-prices-are-under-pressure-from-improved-weather-conditions-for-the-new.md) | +2.1% | -2.8% |
| WHEAT | 2021-06-18 | [Farming News - Wheat & Oilseed market update from ADM - UK wheat conditions continue to improve](https://feedsoft.ai/events/7307-farming-news-wheat-and-oilseed-market-update-from-adm-uk-wheat-conditions.md) | -7.5% | -11.2% |

## Sources

- terre-net.fr: https://www.terre-net.fr/partenaire-lemarketlive/article/905717/le-ble-australien-a-profite-de-bonnes-conditions-malgre-el-nino

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