# Focus on Australia - 2024

> ABARES forecasts Australia's 2023-24 winter crop production to fall 33% to 46.1 million tonnes, slightly below the 10-year average, after three record crops. Summer crop output is forecast to drop 27% to 3.8 million tonnes.

- Date: 2024-02-02 · published 2024-02-02T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/31612-focus-on-australia-2024
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

A sharp drop in Australian wheat, barley and canola supply tightens export availability and supports global feed grain prices, especially barley and sorghum for feed buyers.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-01-27 | [2024/25 South Australia grain crop well down on the previous year – The South Australian Magazine](https://feedsoft.ai/events/26464-2024-25-south-australia-grain-crop-well-down-on-the-previous-year-the-south.md) | +4.0% | +5.2% |
| WHEAT | 2023-08-08 | [Australian Supply and Demand Update - August 2023](https://feedsoft.ai/events/34527-australian-supply-and-demand-update-august-2023.md) | -1.2% | -8.0% |
| WHEAT | 2020-01-23 | [Farming across the ditch in Australia](https://feedsoft.ai/events/55026-farming-across-the-ditch-in-australia.md) | -4.6% | -0.1% |
| WHEAT | 2019-05-16 | [Drought takes toll on Australian grain \| 2019-05-16  \| World Grain](https://feedsoft.ai/events/59057-drought-takes-toll-on-australian-grain-2019-05-16-world-grain.md) | +10.5% | +9.9% |
| WHEAT | 2023-05-24 | [Focus on France \| World Grain](https://feedsoft.ai/events/35915-focus-on-france-world-grain.md) | -2.4% | -2.7% |

## Sources

- farmingportal.co.za: https://www.farmingportal.co.za/index.php/farming-news/international-news/10320-focus-on-australia-2024

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