# Droughts and flooding rains impact market | The Land | NSW

> US planting is badly delayed, with 58% of corn planted by May 28 against a five-year average of 90%, and flooding has damaged wheat fields. Australian east coast and Western Australia are in drought, and local wheat cash prices rose $40 to $50 a tonne.

- Date: 2019-06-05 · published 2019-06-05T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/8686-droughts-and-flooding-rains-impact-market-the-land-nsw
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower US corn and wheat crops are pushing buyers toward wheat as a feed substitute, and Australian drought adds supply risk, supporting global wheat prices. Local Australian prices show the rally passing through to cash markets.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-04-05 | [The wait is on for rain \| The Land \| NSW](https://feedsoft.ai/events/65462-the-wait-is-on-for-rain-the-land-nsw.md) | +0.6% | +6.9% |
| WHEAT | 2023-02-28 | [Sorghum the shining light of grain markets as harvest begins to gather pace \| The Land \| NSW](https://feedsoft.ai/events/37379-sorghum-the-shining-light-of-grain-markets-as-harvest-begins-to-gather-pace-the.md) | -1.8% | +5.0% |
| WHEAT | 2018-04-27 | [Farming News - Weather impacting on the Wheat Markets](https://feedsoft.ai/events/11223-farming-news-weather-impacting-on-the-wheat-markets.md) | +3.6% | +2.9% |
| WHEAT | 2023-06-22 | [Continuing dry conditions in the northern hemisphere strengthen markets \| The Land \| NSW](https://feedsoft.ai/events/35547-continuing-dry-conditions-in-the-northern-hemisphere-strengthen-markets-the.md) | +7.6% | -0.3% |
| WHEAT | 2024-04-10 | [Heavy rains impact European crop conditions: Grain market daily \| AHDB](https://feedsoft.ai/events/30698-heavy-rains-impact-european-crop-conditions-grain-market-daily-ahdb.md) | -0.4% | -0.3% |
| CORN | 2023-07-31 | [Barley Market Report: Drought Shrinks Crops and Impacts Economics - The Barley Bin](https://feedsoft.ai/events/12890-barley-market-report-drought-shrinks-crops-and-impacts-economics-the-barley-bin.md) | -11.7% | -13.2% |
| CORN | 2021-06-08 | [Potential for Drought Can Impact Prices and Marketing Plans \| NDSU Agriculture](https://feedsoft.ai/events/46421-potential-for-drought-can-impact-prices-and-marketing-plans-ndsu-agriculture.md) | -2.0% | +2.4% |
| CORN | 2023-06-22 | [Continuing dry conditions in the northern hemisphere strengthen markets \| The Land \| NSW](https://feedsoft.ai/events/35547-continuing-dry-conditions-in-the-northern-hemisphere-strengthen-markets-the.md) | -8.7% | -14.9% |

## Sources

- theland.com.au: https://www.theland.com.au/story/6199307/droughts-and-flooding-rains-impact-market/

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