# National wheat estimate shrinks, barley lifts - Grain Central

> An average of forecaster estimates puts Australia's 2023-24 wheat crop at 26.1 million tonnes, down 4% from the prior 27.15Mt, as harvest reaches about 20% of winter cropping area. Barley estimates rose 3% to 10.82Mt on rain and milder conditions in higher-latitude areas.

- Date: 2023-10-18 · published 2023-10-18T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/33569-national-wheat-estimate-shrinks-barley-lifts-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A smaller Australian wheat crop tightens export supply and supports local and global wheat prices, while a larger barley estimate eases the feed grain outlook somewhat.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-01-21 | [Wheat export pace solid, barley lags - Grain Central](https://feedsoft.ai/events/55028-wheat-export-pace-solid-barley-lags-grain-central.md) | -4.1% | -0.6% |
| WHEAT | 2018-03-02 | [Wheat futures surge - Grain Central](https://feedsoft.ai/events/12430-wheat-futures-surge-grain-central.md) | +0.5% | -0.4% |
| WHEAT | 2017-08-08 | [Wheat production forecast down: NAB - Grain Central](https://feedsoft.ai/events/69415-wheat-production-forecast-down-nab-grain-central.md) | +0.5% | -0.8% |
| WHEAT | 2023-11-17 | [WA harvest estimate now 44pc below last year's record: GIWA - Grain Central](https://feedsoft.ai/events/33126-wa-harvest-estimate-now-44pc-below-last-year-s-record-giwa-grain-central.md) | +3.7% | +1.7% |
| WHEAT | 2017-09-26 | [NSW, Queensland dry decouples domestic wheat, barley prices from world rates - Grain Central](https://feedsoft.ai/events/69038-nsw-queensland-dry-decouples-domestic-wheat-barley-prices-from-world-rates.md) | +5.8% | +11.0% |

## Sources

- graincentral.com: https://www.graincentral.com/news/national-wheat-estimate-shrinks-barley-lifts-in-fast-harvest/

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