# Cropping to lead the way in ag comeback | Farm Online | ACT

> Farm Online reports that ABARES expects Australian grain production to recover in 2020-21 after a 2019-20 season that was 18% lower in volume than the record 2016-17 crop. Domestic grain stocks are historically low, and high domestic prices are likely to persist for some time.

- Date: 2020-03-02 · published 2020-03-02T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/54102-cropping-to-lead-the-way-in-ag-comeback-farm-online-act
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Low stocks and a recovering crop leave the domestic balance tight in the near term, so prices may stay firm before supply rebuilds.

## Read by commodity

- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-01-17 | [Record crop could lose 4.65mt according to estimate \| Farm Online \| ACT](https://feedsoft.ai/events/66944-record-crop-could-lose-4-65mt-according-to-estimate-farm-online-act.md) | +2.6% | +6.4% |
| WHEAT | 2019-08-13 | [USDA springs further surprise in crop report \| Farm Online \| ACT](https://feedsoft.ai/events/11740-usda-springs-further-surprise-in-crop-report-farm-online-act.md) | -1.7% | -3.9% |
| WHEAT | 2022-02-28 | [Ag's $81-billion record-breaking year off the back of rising commodities: ABARES \| Farm Online \| ACT](https://feedsoft.ai/events/42661-ag-s-81-billion-record-breaking-year-off-the-back-of-rising-commodities-abares.md) | +12.1% | +26.0% |
| WHEAT | 2018-01-22 | [ABS says variation in crop estimates is normal \| Farm Online \| ACT](https://feedsoft.ai/events/66945-abs-says-variation-in-crop-estimates-is-normal-farm-online-act.md) | +3.2% | +6.0% |
| WHEAT | 2023-12-08 | [Winter crop of 46.1m tonnes strong for an El Nino season \| Farm Online \| ACT](https://feedsoft.ai/events/32666-winter-crop-of-46-1m-tonnes-strong-for-an-el-nino-season-farm-online-act.md) | -4.0% | +1.2% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/6658625/cropping-to-lead-the-way-in-ag-comeback/

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