# Agriculture production set to ease amid drier outlook - DAFF

> ABARES forecasts Australian agricultural production value to fall 5% to $98.3 billion in 2026-27 after a record 2025-26 year, with export value down $7 billion to $74.8 billion. The drop reflects lower crop volumes and livestock prices from drier seasonal expectations, while high fuel and fertiliser costs add pressure.

- Date: 2026-06-02 · published 2026-06-02T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/18769-agriculture-production-set-to-ease-amid-drier-outlook-daff
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A smaller Australian export supply of grains and livestock products would support global prices for wheat and barley and tighten competing exporters' market share. The effect is most relevant to feed grain buyers facing a thinner Australian supply.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-01-25 | [Australia’s grain production and export outlook \| UkrAgroConsult](https://feedsoft.ai/events/32090-australia-s-grain-production-and-export-outlook-ukragroconsult.md) | -0.4% | -5.2% |
| WHEAT | 2022-05-13 | [USDA: U.S. Corn Production to Drop 4.3%](https://feedsoft.ai/events/13358-usda-u-s-corn-production-to-drop-4-3.md) | +4.4% | -0.4% |
| WHEAT | 2020-03-06 | [Scientists Release Crop Production Outlook under Shadow of Locusts----Chinese Academy of Sciences](https://feedsoft.ai/events/54061-scientists-release-crop-production-outlook-under-shadow-of-locusts-chinese.md) | +5.7% | -2.5% |
| WHEAT | 2023-09-04 | [Horticulture and sugar hit give crop production a boost](https://feedsoft.ai/events/34063-horticulture-and-sugar-hit-give-crop-production-a-boost.md) | +0.2% | +0.1% |
| WHEAT | 2023-03-22 | [AgroPages-Nutrien‘s 2023 Market Outlook: Expect structural supply issues to persist and demand for crop inputs to increase-Agricultural news](https://feedsoft.ai/events/37212-agropages-nutrien-s-2023-market-outlook-expect-structural-supply-issues-to.md) | +11.0% | +4.2% |

## Sources

- agriculture.gov.au: https://www.agriculture.gov.au/about/news/abares-june-reports-2026

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