# Farmers should make hay while the sun shines: ANZ - Grain Central

> ANZ's Agri Commodity Report urges Australian farmers to carefully reassess medium and long-term business strategies while the sector enjoys a good season and strong prices. It cites ABARES forecasts that most agricultural prices will soften by 5 to 30 percent by 2025/26, with Australian wheat production expected to fall by about a third over five years under average seasonal conditions.

- Date: 2021-04-30 · published 2021-04-30T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/47554-farmers-should-make-hay-while-the-sun-shines-anz-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A forecast gradual price decline and lower wheat output over the coming years point to a tighter longer-term Australian wheat supply outlook, while near-term prices remain supported by the current favourable cycle.

## Read by commodity

- WHEAT: neutral
- BARLEY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-02-15 | [Strong finish drives WA winter harvest to 14.27 million tonnes - Grain Central](https://feedsoft.ai/events/66470-strong-finish-drives-wa-winter-harvest-to-14-27-million-tonnes-grain-central.md) | -0.7% | +2.3% |
| WHEAT | 2016-12-12 | [Grain market steady after USDA report - Farmers Weekly](https://feedsoft.ai/events/73541-grain-market-steady-after-usda-report-farmers-weekly.md) | +1.1% | +2.0% |
| WHEAT | 2018-05-14 | [Market Trends Commentary for May-June 2018 - Grain Farmers of Ontario](https://feedsoft.ai/events/10236-market-trends-commentary-for-may-june-2018-grain-farmers-of-ontario.md) | +0.7% | +3.6% |
| WHEAT | 2023-01-13 | [USDA's WASDE trims South American corn crops - Grain Central](https://feedsoft.ai/events/37741-usda-s-wasde-trims-south-american-corn-crops-grain-central.md) | -0.9% | +1.8% |
| WHEAT | 2020-03-16 | [Market Trends for March & April - Grain Farmers of Ontario](https://feedsoft.ai/events/7428-market-trends-for-march-and-april-grain-farmers-of-ontario.md) | -3.2% | -5.5% |

## Sources

- graincentral.com: https://www.graincentral.com/news/farmers-should-make-hay-while-the-sun-shines-anz/

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