# Wheat Forecast 2018 | Agribusiness | GrainKing

> NAB's January 2019 wheat forecast cuts Australian 2018-19 production to 16.9 Mt from 17.4 Mt last month. Western Australia is on track for an above-average season while eastern states struggle.

- Date: 2019-01-23 · published 2019-01-23T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/61052-wheat-forecast-2018-agribusiness-grainking
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A lower national wheat forecast tightens export availability, supporting wheat prices for feed buyers relying on Australian supply.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-06-18 | [Australia lowers wheat export forecast \| 2019-06-18  \| World Grain](https://feedsoft.ai/events/58550-australia-lowers-wheat-export-forecast-2019-06-18-world-grain.md) | +7.1% | -3.2% |
| WHEAT | 2020-08-13 | [Strategie Grains cuts EU, UK wheat crop forecast - Markets - Business Recorder](https://feedsoft.ai/events/51571-strategie-grains-cuts-eu-uk-wheat-crop-forecast-markets-business-recorder.md) | +0.7% | +11.5% |
| WHEAT | 2020-06-25 | [EU sharply cuts soft wheat harvest forecast again - Markets - Business Recorder](https://feedsoft.ai/events/52547-eu-sharply-cuts-soft-wheat-harvest-forecast-again-markets-business-recorder.md) | +0.8% | -5.4% |
| WHEAT | 2021-01-27 | [Smaller wheat and oat crops forecast for Canada \| 2021-01-27  \| World Grain](https://feedsoft.ai/events/49209-smaller-wheat-and-oat-crops-forecast-for-canada-2021-01-27-world-grain.md) | -10.0% | -0.5% |
| WHEAT | 2023-02-02 | [AMIS Releases Troubling Global Wheat Forecast](https://feedsoft.ai/events/37373-amis-releases-troubling-global-wheat-forecast.md) | +2.4% | -4.6% |

## Sources

- grainking.com.au: https://www.grainking.com.au/nab-wheat-production-forecast-2018/

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