# Wheat environment inches closer to normal | Meat & Livestock Australia

> ABARES forecasts Australian wheat production falling 35% to 25.3mt in 2023-24, with barley down to 10.4mt and sorghum to 1.5mt. Global wheat output is seen roughly stable at 791mt, and domestic Australian wheat prices have stabilised over recent weeks.

- Date: 2023-10-27 · published 2023-10-27T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/33570-wheat-environment-inches-closer-to-normal-meat-and-livestock-australia
- 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 exports of about 40% reduce wheat supply to importers, while smaller barley and sorghum crops cut feed grain availability in the region, supporting feed prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-06-20 | [Few bright spots in winter crop outlook \| Meat & Livestock Australia](https://feedsoft.ai/events/58667-few-bright-spots-in-winter-crop-outlook-meat-and-livestock-australia.md) | +7.9% | -3.2% |
| WHEAT | 2018-06-20 | [Feed grain price update and winter crop outlook \| Meat & Livestock Australia](https://feedsoft.ai/events/64491-feed-grain-price-update-and-winter-crop-outlook-meat-and-livestock-australia.md) | -0.5% | -2.8% |
| WHEAT | 2020-02-18 | [Australia says 2019/20 wheat harvest drops to lowest in 12 years](https://feedsoft.ai/events/54573-australia-says-2019-20-wheat-harvest-drops-to-lowest-in-12-years.md) | -0.9% | -0.1% |
| WHEAT | 2025-06-03 | [Australia to cut wheat production by 10% in 2025/26 — ABARES](https://feedsoft.ai/events/24169-australia-to-cut-wheat-production-by-10-in-2025-26-abares.md) | -1.0% | -0.4% |
| WHEAT | 2023-05-15 | [USDA sees 26pc drop in Australia's new-crop wheat - Grain Central](https://feedsoft.ai/events/35906-usda-sees-26pc-drop-in-australia-s-new-crop-wheat-grain-central.md) | -1.6% | -7.1% |

## Sources

- mla.com.au: https://www.mla.com.au/news-and-events/industry-news/wheat-environment-inches-closer-to-normal/

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