# ABARES forecast: 38% more grain in Australia if it

> ABARES forecasts Australian wheat output rising 38% to 23.9 million tonnes in 2019-20 if rain arrives, from a drought-hit 17.3 million tonnes. Wheat acreage is expected to rise 20%, though dry weather could cut the crop again.

- Date: 2019-03-05 · published 2019-03-05T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/60041-abares-forecast-38-more-grain-in-australia-if-it
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A larger Australian harvest would add to global wheat supply and cap prices, but the outcome hinges on autumn rainfall before April sowing.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-06-06 | [ABARES releases forecast for Australian grain yield \| Dry Bulk](https://feedsoft.ai/events/29710-abares-releases-forecast-for-australian-grain-yield-dry-bulk.md) | +3.7% | -7.6% |
| WHEAT | 2025-01-24 | [Solid grain output forecast for Australia \| World Grain](https://feedsoft.ai/events/26457-solid-grain-output-forecast-for-australia-world-grain.md) | +3.9% | +4.7% |
| WHEAT | 2025-09-02 | [Australia’s winter crops forecast surges \| World Grain](https://feedsoft.ai/events/22824-australia-s-winter-crops-forecast-surges-world-grain.md) | -1.4% | -1.7% |
| 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 | 2022-01-11 | [Australia's Grain Industry to See More Growth in 2021-22](https://feedsoft.ai/events/43093-australia-s-grain-industry-to-see-more-growth-in-2021-22.md) | +3.4% | +1.9% |

## Sources

- zmp.de: https://www.zmp.de/en/futures/news/newsticker-abares-forecast-38-more-grain-australia-if-it-rains-2019-03-05

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