# Australian Supply and Demand Update - August 2023

> Basis Commodities cut its Australian production forecasts after visiting the Australian Grains Industry Conference. Northern NSW wheat plantings were cut by a third, with less than a quarter of intended area planted, and El Niño is flagged as a risk to output.

- Date: 2023-08-08 · published 2023-08-08T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/34527-australian-supply-and-demand-update-august-2023
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Lower planted wheat area in northern NSW reduces expected exportable supply, supporting wheat prices and feed grain alternatives for Asian buyers.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-10-19 | [Weekly Australian Climate, Water and Agricultural Update, 19 October 2023 - DAFF](https://feedsoft.ai/events/33572-weekly-australian-climate-water-and-agricultural-update-19-october-2023-daff.md) | -2.6% | -4.4% |
| WHEAT | 2026-04-23 | [Weekly Australian Climate, Water and Agricultural Update, 23 April 2026 - DAFF](https://feedsoft.ai/events/19687-weekly-australian-climate-water-and-agricultural-update-23-april-2026-daff.md) | +1.4% | +2.5% |
| WHEAT | 2023-11-16 | [Weekly Australian Climate, Water and Agricultural Update, 16 November 2023 - DAFF](https://feedsoft.ai/events/33121-weekly-australian-climate-water-and-agricultural-update-16-november-2023-daff.md) | +3.7% | +0.5% |
| WHEAT | 2025-05-15 | [Weekly Australian Climate, Water and Agricultural Update, 15 May 2025 - DAFF](https://feedsoft.ai/events/24626-weekly-australian-climate-water-and-agricultural-update-15-may-2025-daff.md) | -3.9% | -3.2% |
| WHEAT | 2024-05-16 | [Weekly Australian Climate, Water and Agricultural Update, 16 May 2024 - DAFF](https://feedsoft.ai/events/30189-weekly-australian-climate-water-and-agricultural-update-16-may-2024-daff.md) | +19.1% | +8.2% |

## Sources

- basiscommodities.com: https://www.basiscommodities.com/australian-supply-and-demand-update-august-2023

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