# ABARES crop report forecasts winter production slump for third year in a row - ABC News

> ABARES forecasts Australia's 2019-20 winter crop at 29.4 million tonnes, down 13% from its spring forecast and about 27% below the 10-year average. It would be the third straight annual decline and the smallest national grain crop in 12 years.

- Date: 2019-12-02 · published 2019-12-02T12:00:00.000Z
- Category: weather · region Australia · magnitude high
- Page: https://feedsoft.ai/events/55529-abares-crop-report-forecasts-winter-production-slump-for-third-year-in-a-row
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A drought-driven shortfall in Australian wheat, barley and canola tightens export supplies for feed buyers, supporting prices for competing origins and Australian feed grains.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-12-10 | [Ag production falls for third year in row: ABARES - Grain Central](https://feedsoft.ai/events/55533-ag-production-falls-for-third-year-in-row-abares-grain-central.md) | +2.5% | +3.5% |
| WHEAT | 2017-09-12 | [Forecast decrease for winter crop production: ABARES - Grain Central](https://feedsoft.ai/events/68910-forecast-decrease-for-winter-crop-production-abares-grain-central.md) | +1.0% | +4.5% |
| WHEAT | 2018-09-11 | [Drought bites in the east as ABARES forecasts 12pc cut to grain production - ABC News](https://feedsoft.ai/events/62980-drought-bites-in-the-east-as-abares-forecasts-12pc-cut-to-grain-production-abc.md) | -7.4% | -7.0% |
| WHEAT | 2019-09-17 | [ABARES slashes grain production forecasts \| The Land \| NSW](https://feedsoft.ai/events/57047-abares-slashes-grain-production-forecasts-the-land-nsw.md) | +2.4% | +2.8% |
| WHEAT | 2018-03-05 | [Weather to blame for falling farmer incomes and production, commodity forecaster ABARES says - ABC News](https://feedsoft.ai/events/65949-weather-to-blame-for-falling-farmer-incomes-and-production-commodity-forecaster.md) | +0.8% | +0.6% |

## Sources

- abc.net.au: https://www.abc.net.au/news/rural/2019-12-03/abares-crop-report-forecasts-winter-production-slump/11758410

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