# Drought, feedgrain demand factor into mixed commodity outlook: ABARES - Grain Central

> ABARES forecasts world wheat production at a record 766 million tonnes in 2019-20, with the world wheat indicator price averaging 6% lower at US$218 per tonne. Australian wheat output is forecast to rise 10% to 19 million tonnes, though feed grain prices remain high domestically and import permits have been issued for the first time since 2006-07.

- Date: 2019-09-17 · published 2019-09-17T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/57044-drought-feedgrain-demand-factor-into-mixed-commodity-outlook-abares-grain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Record global wheat supply pressures world prices, while Australia's recovery reduces its need for feed-grain imports, though domestic eastern-state demand stays firm.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-06-17 | [Mixed prospects for Australian winter crop: ABARES - Grain Central](https://feedsoft.ai/events/58543-mixed-prospects-for-australian-winter-crop-abares-grain-central.md) | -6.1% | -8.7% |
| WHEAT | 2024-09-02 | [ABARES lifts wheat, barley, canola estimates in mixed season - Grain Central](https://feedsoft.ai/events/28279-abares-lifts-wheat-barley-canola-estimates-in-mixed-season-grain-central.md) | +3.6% | +14.4% |
| WHEAT | 2022-02-28 | [ABARES lifts forecasts for all major crops - Grain Central](https://feedsoft.ai/events/42659-abares-lifts-forecasts-for-all-major-crops-grain-central.md) | +12.1% | +26.0% |
| WHEAT | 2024-11-20 | [Analysis of Australia's Grain and Feed Outlook for 2024/2025 \| Paradigm Futures](https://feedsoft.ai/events/27363-analysis-of-australia-s-grain-and-feed-outlook-for-2024-2025-paradigm-futures.md) | -0.0% | +0.4% |
| WHEAT | 2020-06-18 | [Seasonal turnaround drives surge in winter crop production: ABARES - Grain Central](https://feedsoft.ai/events/52532-seasonal-turnaround-drives-surge-in-winter-crop-production-abares-grain-central.md) | +2.0% | -3.8% |

## Sources

- graincentral.com: https://www.graincentral.com/news/drought-feedgrain-demand-factor-into-mixed-commodity-outlook-abares/

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