# The ABARES crystal ball – What can we expect for the major commodities in the next 12 months?

> ABARES forecasts 2019-20 Australian farm production at $59 billion, with grain, oilseed and pulse output rising 20% to 36.4 million tonnes on assumed adequate rainfall. Output is still expected to be 10% below the 10-year average.

- Date: 2019-07-03 · published 2019-07-03T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/58039-the-abares-crystal-ball-what-can-we-expect-for-the-major-commodities-in-the
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

A recovery from drought-hit 2018-19 output adds grain supply, but production below the long-term average keeps Australian feed grain balances relatively tight.

## Read by commodity

- WHEAT: neutral
- BARLEY: neutral
- SORGHUM: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-09-27 | [The global barley outlook and where next for prices: Grain market daily \| AHDB](https://feedsoft.ai/events/34170-the-global-barley-outlook-and-where-next-for-prices-grain-market-daily-ahdb.md) | -5.3% | -2.4% |
| 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 | 2017-03-30 | [What to expect from the next USDA Prospective Plantings Report? - farmdoc daily](https://feedsoft.ai/events/72024-what-to-expect-from-the-next-usda-prospective-plantings-report-farmdoc-daily.md) | +0.4% | +1.2% |
| WHEAT | 2019-04-22 | [Low wheat prices predicted for the next 10-years](https://feedsoft.ai/events/59627-low-wheat-prices-predicted-for-the-next-10-years.md) | -1.0% | -10.6% |
| WHEAT | 2021-06-13 | [Explained: In Covid-19 pandemic, here are four food records \| Explained News - The Indian Express](https://feedsoft.ai/events/46515-explained-in-covid-19-pandemic-here-are-four-food-records-explained-news-the.md) | +5.8% | -5.4% |

## Sources

- ruralpropertynsw.com.au: https://ruralpropertynsw.com.au/post/67/the-abares-crystal-ball-what-can-we-expect-for-the-major-commodities-in-the-next-12-months

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