# Australia sees wheat, barley output dropping by a third next year

> Australia's agriculture department forecasts winter crop production to fall 34% from record highs, with wheat output declining to 26.2 million tonnes. Forecasters expect dryness linked to El Niño to reduce yields.

- Date: 2023-06-05 · published 2023-06-05T12:00:00.000Z
- Category: weather · region Australia · magnitude high
- Page: https://feedsoft.ai/events/35408-australia-sees-wheat-barley-output-dropping-by-a-third-next-year
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

A roughly one-third drop in Australian wheat and barley would remove a major exporter's supply from global markets, supporting wheat and barley prices and likely raising feed grain costs for importers.

## Read by commodity

- OATS: bullish ▲
- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-08-02 | [Drought sends Australian wheat on a world-beating rally](https://feedsoft.ai/events/9689-drought-sends-australian-wheat-on-a-world-beating-rally.md) | +3.5% | +1.5% |
| WHEAT | 2019-02-19 | [Australian wheat crop falls to an 11-year low \| SA](https://feedsoft.ai/events/60575-australian-wheat-crop-falls-to-an-11-year-low-sa.md) | -3.8% | -0.5% |
| WHEAT | 2022-06-21 | [EU wheat, barley yields cut for third straight month \| World Grain](https://feedsoft.ai/events/40874-eu-wheat-barley-yields-cut-for-third-straight-month-world-grain.md) | +0.5% | -5.5% |
| WHEAT | 2025-07-14 | [Western Australia’s Wheat Decline Presents Golden Opportunities in Barley and Canola](https://feedsoft.ai/events/23722-western-australia-s-wheat-decline-presents-golden-opportunities-in-barley-and.md) | -1.6% | -2.0% |
| WHEAT | 2017-04-18 | [Australia’s wheat crop expected to fall](https://feedsoft.ai/events/71460-australia-s-wheat-crop-expected-to-fall.md) | +1.0% | -0.1% |
| OATS | 2022-03-31 | [KUOW - Forage seeds sold out, cattle sales up amid impending second year of West-wide drought](https://feedsoft.ai/events/42341-kuow-forage-seeds-sold-out-cattle-sales-up-amid-impending-second-year-of-west.md) | +3.1% | -5.1% |
| OATS | 2016-11-25 | [Oat prices surge as Canadian output drops following delayed harvest - The Globe and Mail](https://feedsoft.ai/events/73900-oat-prices-surge-as-canadian-output-drops-following-delayed-harvest-the-globe.md) | -7.6% | +0.6% |
| OATS | 2022-05-24 | [Spring wheat, oat futures outperform, as storms hamper US sowings - Grain Price News](https://feedsoft.ai/events/41453-spring-wheat-oat-futures-outperform-as-storms-hamper-us-sowings-grain-price-news.md) | +6.4% | -1.3% |

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/australia-cuts-crop-production-forecasts-risk-el-nino-rises-2023-06-05/

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