# Upside to cereal prices; oilseeds hold steady: ABARES - Grain Central

> ABARES' March quarter outlook expects wheat and barley prices to rise marginally on low global supplies, with the world wheat indicator price averaging US$242 per tonne in 2019-20. Canola prices are expected to remain unchanged.

- Date: 2019-03-04 · published 2019-03-04T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/60033-upside-to-cereal-prices-oilseeds-hold-steady-abares-grain-central
- 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

Falling stocks in major exporters tighten tradeable wheat supplies, supporting feed grain prices, while medium-term production gains from Argentina, the Black Sea and India are expected to weigh on prices later.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-11-03 | [Grains, oilseeds prices six-year high: IGC - Grain Central](https://feedsoft.ai/events/50192-grains-oilseeds-prices-six-year-high-igc-grain-central.md) | +0.4% | -6.2% |
| WHEAT | 2018-06-19 | [Wheat/barley price prospects on the rise; oilseeds to fall: ABARES - Grain Central](https://feedsoft.ai/events/64497-wheat-barley-price-prospects-on-the-rise-oilseeds-to-fall-abares-grain-central.md) | -0.7% | -3.1% |
| WHEAT | 2019-11-08 | [Grains, oilseed prices firmed: FAO-AMIS - Grain Central](https://feedsoft.ai/events/56101-grains-oilseed-prices-firmed-fao-amis-grain-central.md) | +3.0% | +7.4% |
| WHEAT | 2020-03-03 | [Wheat prices to increase slightly, coarse grains unchanged: ABARES - Grain Central](https://feedsoft.ai/events/54101-wheat-prices-to-increase-slightly-coarse-grains-unchanged-abares-grain-central.md) | +6.1% | -1.7% |
| WHEAT | 2018-02-27 | [Global grain figures hold bullish tone - Grain Central](https://feedsoft.ai/events/11652-global-grain-figures-hold-bullish-tone-grain-central.md) | +2.4% | +1.3% |

## Sources

- graincentral.com: https://www.graincentral.com/news/slight-upside-to-cereal-prices-oilseeds-hold-steady-abares/

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