# Australia wheat output revised lower | 2020-02-18  | World Grain

> ABARES pegged Australia's 2019-20 wheat production at 15.17 million tonnes, the lowest in 12 years and down from its December forecast of 15.85Mt. The USDA expects world wheat exports to fall for a third straight year. Australia has seen production decline sharply during three straight drought years.

- Date: 2020-02-18 · published 2020-02-18T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/54572-australia-wheat-output-revised-lower-2020-02-18-world-grain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A shrinking Australian crop and falling global exports tighten wheat supplies available to feed buyers and support prices. The trend points to continued firmness in wheat values.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-06-18 | [Australia lowers wheat export forecast \| 2019-06-18  \| World Grain](https://feedsoft.ai/events/58550-australia-lowers-wheat-export-forecast-2019-06-18-world-grain.md) | +7.1% | -3.2% |
| WHEAT | 2023-05-01 | [Australian wheat output projected to decline \| World Grain](https://feedsoft.ai/events/35902-australian-wheat-output-projected-to-decline-world-grain.md) | +1.9% | -2.2% |
| WHEAT | 2020-09-25 | [Projected grains output in EU lowered again \| 2020-09-25  \| World Grain](https://feedsoft.ai/events/51062-projected-grains-output-in-eu-lowered-again-2020-09-25-world-grain.md) | +6.5% | +10.5% |
| WHEAT | 2024-01-23 | [Focus on Australia \| World Grain](https://feedsoft.ai/events/32084-focus-on-australia-world-grain.md) | -0.1% | -5.5% |
| WHEAT | 2017-12-04 | [Australian grain crops forecast lower in 2017-18 \| World-grain.com \| December 04, 2017 14:05 \| World Grain](https://feedsoft.ai/events/67430-australian-grain-crops-forecast-lower-in-2017-18-world-grain-com-december-04.md) | +2.7% | +0.6% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/13291-australia-wheat-output-revised-lower

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