# | Miller Magazine

> ABARES put Australia's 2018/19 wheat output at 17.3 million tonnes, an 11-year low, down from 21.24 million a year earlier after an east coast drought. The figure was slightly above its December estimate of 16.95 million tonnes.

- Date: 2019-04-03 · published 2019-04-03T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/59525-miller-magazine
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Australia is the world's No. 4 wheat exporter, so a small crop tightens export supplies and has supported global benchmark prices.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-09-29 | [COCERAL lowers forecast for EU grain harvest \| Miller Magazine](https://feedsoft.ai/events/39524-coceral-lowers-forecast-for-eu-grain-harvest-miller-magazine.md) | +0.7% | -10.7% |
| WHEAT | 2021-10-01 | [Coceral lowers EU grain production forecast \| Miller Magazine](https://feedsoft.ai/events/44482-coceral-lowers-eu-grain-production-forecast-miller-magazine.md) | +5.1% | +8.6% |
| WHEAT | 2020-12-16 | [Global wheat prices rises despite record stocks \| Miller Magazine](https://feedsoft.ai/events/49698-global-wheat-prices-rises-despite-record-stocks-miller-magazine.md) | +0.7% | +6.9% |
| WHEAT | 2023-04-01 | [2023 wheat harvest forecast:  Still challenges for importing countries! \| Miller Magazine](https://feedsoft.ai/events/36338-2023-wheat-harvest-forecast-still-challenges-for-importing-countries-miller.md) | -13.2% | -13.6% |
| WHEAT | 2021-08-04 | [France Lowers Wheat Crop Forecast \| ESM Magazine](https://feedsoft.ai/events/45505-france-lowers-wheat-crop-forecast-esm-magazine.md) | -2.7% | +0.3% |

## Sources

- millermagazine.com: https://millermagazine.com/en/blog/australian-wheat-production-drops-to-11-year-low-3129

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