# This is a landmark harvest, but we will get clarity soon. - StockCo Australia

> Crop forecasters now expect an Australian wheat crop below 16 million tonnes, well under the September ABARES estimate of 19.1 million tonnes. Australian prices continued to fall, with the ASX contract down 3 percent week on week and A$97 per tonne below last year.

- Date: 2019-11-05 · published 2019-11-05T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/56008-this-is-a-landmark-harvest-but-we-will-get-clarity-soon-stockco-australia
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Lower Australian output is supportive for global wheat, but falling local prices show weak demand confidence, so the net price effect on feed grains is mixed.

## Read by commodity

- WHEAT: neutral
- BARLEY: neutral

## Sources

- stockco.com.au: https://stockco.com.au/this-is-a-landmark-harvest-but-we-will-get-clarity-soon/

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