# Australian crop estimate nudges higher: INTL FCStone - Grain Central

> INTL FCStone raised its Australian 2018/19 estimates, lifting wheat to 17.0 Mt and barley to 7.76 Mt, with canola at 2.22 Mt and sorghum at 1.69 Mt. All remain below or near five-year averages.

- Date: 2019-01-29 · published 2019-01-29T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/61046-australian-crop-estimate-nudges-higher-intl-fcstone-grain-central
- 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 modest upward revision slightly eases Australian feed grain tightness, a mildly bearish signal for barley and wheat prices.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-08-15 | [WASDE adds 3Mt to Australian wheat estimate - Grain Central](https://feedsoft.ai/events/40015-wasde-adds-3mt-to-australian-wheat-estimate-grain-central.md) | -1.7% | -10.8% |
| WHEAT | 2021-06-08 | [Australia winter wheat crop estimate above average  \| World Grain](https://feedsoft.ai/events/46544-australia-winter-wheat-crop-estimate-above-average-world-grain.md) | +6.1% | -4.4% |
| 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 | 2019-02-20 | [Rise in South Australia's grain estimates  \| SA](https://feedsoft.ai/events/60570-rise-in-south-australia-s-grain-estimates-sa.md) | -3.5% | +0.0% |
| WHEAT | 2022-03-01 | [Australia record grain crop revised even higher \| World Grain](https://feedsoft.ai/events/42224-australia-record-grain-crop-revised-even-higher-world-grain.md) | +10.5% | +22.7% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/australian-crop-estimate-nudges-higher-fcstone/

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