# Case study: Australia’s pasture growth means less demand for feed - Food & Agribusiness

> Widespread early-2020 rainfall has given Australia a good start to the grain sowing season after two years of drought. Wheat production is forecast to be over 50% higher than the prior year, and eastern feedlot regions have built substantial on-farm storage.

- Date: 2020-04-29 · published 2020-04-29T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/53611-case-study-australia-s-pasture-growth-means-less-demand-for-feed-food-and
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Abundant pasture and a larger grain crop reduce domestic demand for purchased feed, which weighs on Australian feed grain prices and export pricing.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-11-05 | [Australian grains recover as rain ends drought - Food & Agribusiness](https://feedsoft.ai/events/50131-australian-grains-recover-as-rain-ends-drought-food-and-agribusiness.md) | +0.4% | -6.0% |
| WHEAT | 2020-07-23 | [Positive outlook for feed grain production \| Meat & Livestock Australia](https://feedsoft.ai/events/52067-positive-outlook-for-feed-grain-production-meat-and-livestock-australia.md) | +0.7% | -1.9% |
| WHEAT | 2020-07-29 | [Australia hopes for 'magnificent' wheat crop in pandemic economy - The Business Times](https://feedsoft.ai/events/52071-australia-hopes-for-magnificent-wheat-crop-in-pandemic-economy-the-business.md) | -1.3% | +0.6% |
| WHEAT | 2020-10-07 | [La Niña's Mixed Blessing: For Australia, a 90% Jump in Wheat Production](https://feedsoft.ai/events/50566-la-nina-s-mixed-blessing-for-australia-a-90-jump-in-wheat-production.md) | +0.4% | -0.1% |
| WHEAT | 2024-04-08 | [Rain and Chinese demand to boost Australia's wheat, barley planting \| Science-Environment](https://feedsoft.ai/events/30663-rain-and-chinese-demand-to-boost-australia-s-wheat-barley-planting-science.md) | +3.2% | +1.3% |

## Sources

- foodagribusiness.world: https://www.foodagribusiness.world/feed/case-study-australias-pasture-growth-means-less-demand-for-feed

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