Key issues
- In the week ending 14 May 2025 tropical lows and troughs brought rainfall to parts of eastern and northern Australia.
- Rainfall totals were low in all cropping regions, with 0-5 millimetres recorded in most areas.
- Over the coming eight days, rainfall is expected across limited parts of eastern Australia.
- Little to no rainfall is expected across most cropping regions in the south and west. Eastern regions, including much of Queensland and New South Wales, are forecast to receive 5-50 millimetres.
- The lack of autumn rainfall continues to present a risk to the timely germination and establishment of winter crops – particularly in those areas of southern New South Wales, western Victoria and South Australia where there is low stored soil moisture.
- Rainfall in April 2025 was variable across the world’s major grain- and oilseed-producing regions, leading to differing crop production outcomes.
- Global production conditions were generally favourable for rice, soybeans and maize, but variable for wheat.
- Global production conditions have been slightly more favourable to those used to formulate ABARES 2024-25 forecasts of global grain supplies and world prices in the March 2025 Agricultural Commodities Report. As a result, global grain and oilseed production are likely to increase beyond the numbers in the March forecast, due to improvements in global wheat, maize and rice production.
- Water storage levels in the Murray-Darling Basin (MDB) increased between 08 May 2025 and 15 May 2025 by 98 gigalitres (GL). Current volume of water held in storage is 11,904 GL, equivalent to 53% of total storage capacity. This is 28 percent or 4,737 GL less than at the same time last year. Water storage data is sourced from the Bureau of Meteorology.
- Allocation prices in the Victorian Murray below the Barmah Choke decreased from $343 on 08 May to $316 on 15 May. Trade between Murrumbidgee and Murray IVTs are open.
Full report
Read the full report for the week ending 15 May 2025
Weekly Australian Climate, Water and Agricultural update (PDF 2.1 MB) – 15 May 2025
Weekly Australian Climate, Water and Agricultural update (DOCX 3.0 MB) – 15 May 2025
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Water
Water storages, water markets and water allocations - current week
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Commodities
Information on weekly price changes in agricultural commodities is now available at the Weekly commodity price update.