# Australia: Grain and Feed Update | USDA Foreign Agricultural Service

> USDA's Canberra attaché report says El Niño conditions persist but eased after above-average rain in eastern Australia. It raised the MY 2023/24 sorghum forecast to 1.8 MMT and expects wheat exports to fall 40% to 19.0 MMT. Barley exports are forecast at 6.0 MMT, down 23%, amid competition from Chinese buyers after China removed tariffs.

- Date: 2024-01-23 · published 2024-01-23T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/32078-australia-grain-and-feed-update-usda-foreign-agricultural-service
- 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

Lower Australian wheat exports tighten supply in export markets and support wheat prices. Heavier barley competition from China and firmer sorghum output weigh on feed grain prices for buyers.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bearish ▼
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-09-24 | [Mexico: Grain and Feed Update \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/28275-mexico-grain-and-feed-update-usda-foreign-agricultural-service.md) | +0.3% | -6.2% |
| WHEAT | 2024-06-19 | [Mexico: Grain and Feed Update \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/29718-mexico-grain-and-feed-update-usda-foreign-agricultural-service.md) | -7.7% | -5.1% |
| WHEAT | 2024-08-13 | [Ukraine: Grain and Feed Quarterly \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/14276-ukraine-grain-and-feed-quarterly-usda-foreign-agricultural-service.md) | -6.7% | -2.9% |
| WHEAT | 2026-01-26 | [FAS - Foreign Agricultural Service (via Public) / Mexico: Grain and Feed Update](https://feedsoft.ai/events/21001-fas-foreign-agricultural-service-via-public-mexico-grain-and-feed-update.md) | +2.3% | +5.5% |
| WHEAT | 2023-12-04 | [Export Sales to China, Mexico, and Philippines \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/14790-export-sales-to-china-mexico-and-philippines-usda-foreign-agricultural-service.md) | +0.5% | -0.5% |

## Sources

- fas.usda.gov: https://www.fas.usda.gov/data/australia-grain-and-feed-update-24

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