# Australia: China missed as wheat harvest nears: AGIC

> Analysts at the Australian Grains Industry Conference said Australia's wheat price outlook is bearish, with growers heading into harvest without the China forward sales seen last year. China's wheat imports have fallen from about 15 million tonnes to 5-9 million as cheap corn displaces wheat in feed rations.

- Date: 2024-08-05 · published 2024-08-05T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/28740-australia-china-missed-as-wheat-harvest-nears-agic
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lack of Chinese forward buying and displacement of wheat by corn in China point to weaker export demand and lower harvest-time prices for Australian wheat.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-08-21 | [Australia, Argentina wheat harvest have high potential to impact U.S. wheat prices](https://feedsoft.ai/events/28851-australia-argentina-wheat-harvest-have-high-potential-to-impact-u-s-wheat-prices.md) | -1.4% | +2.3% |
| WHEAT | 2020-10-24 | [East coast wheat harvest signals an end to Western Australian grain imports - ABC News](https://feedsoft.ai/events/50603-east-coast-wheat-harvest-signals-an-end-to-western-australian-grain-imports-abc.md) | -0.9% | -5.0% |
| WHEAT | 2025-05-27 | [Weak Chinese demand leaves Australia with too much wheat \| Reuters](https://feedsoft.ai/events/24704-weak-chinese-demand-leaves-australia-with-too-much-wheat-reuters.md) | +2.2% | -0.4% |
| WHEAT | 2021-01-11 | [Bumper wheat crop helps Australia look beyond China \| Agriculture \| Al Jazeera](https://feedsoft.ai/events/49108-bumper-wheat-crop-helps-australia-look-beyond-china-agriculture-al-jazeera.md) | +1.4% | -4.0% |
| WHEAT | 2020-11-30 | [Wheat falls as Russia eases limits, Australia sees bumper crop \| Air Freight News](https://feedsoft.ai/events/50196-wheat-falls-as-russia-eases-limits-australia-sees-bumper-crop-air-freight-news.md) | -0.9% | +8.3% |
| CORN | 2020-03-20 | [Wheat extends rally as China demand assessed \| Financial Post](https://feedsoft.ai/events/7271-wheat-extends-rally-as-china-demand-assessed-financial-post.md) | -0.6% | -3.1% |
| CORN | 2025-10-27 | [Wheat Prices Rise As US-China Trade Hopes Lift Markets - Finimize](https://feedsoft.ai/events/5432-wheat-prices-rise-as-us-china-trade-hopes-lift-markets-finimize.md) | +1.4% | +2.7% |
| CORN | 2021-03-19 | [China tariff on Australia's barley reshapes global trade - Nikkei Asia](https://feedsoft.ai/events/12404-china-tariff-on-australia-s-barley-reshapes-global-trade-nikkei-asia.md) | +11.4% | +14.1% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/australia-china-missed-as-wheat-harvest-nears-agic/

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