# ​Crop forecasts slashed in ABARES December report​ | Queensland Country Life | QLD

> ABARES slashed its December crop forecast, putting Australia's 2018-19 winter crop below 30 million tonnes for the first time in a decade. Wheat fell to 16.9 million tonnes, the smallest since 2007-08, while barley and canola also dropped sharply.

- Date: 2018-12-10 · published 2018-12-10T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/61532-crop-forecasts-slashed-in-abares-december-report-queensland-country-life-qld
- 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

Sharp declines in Australian wheat, barley and canola reduce export availability and tend to lift world feed grain and meal prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-09-18 | [ABARES cuts production forecasts

 \| Queensland Country Life \| QLD](https://feedsoft.ai/events/68921-abares-cuts-production-forecasts-queensland-country-life-qld.md) | -0.2% | +3.1% |
| WHEAT | 2018-06-18 | [Crop forecasts tumble with prolonged dry

 \| Queensland Country Life \| QLD](https://feedsoft.ai/events/64498-crop-forecasts-tumble-with-prolonged-dry-queensland-country-life-qld.md) | -0.3% | -3.8% |
| WHEAT | 2019-10-21 | [Smallest national wheat crop in a decade  \| Queensland Country Life \| QLD](https://feedsoft.ai/events/56538-smallest-national-wheat-crop-in-a-decade-queensland-country-life-qld.md) | -2.2% | -0.1% |
| WHEAT | 2017-08-21 | [Forecasters predict improved spring rain

 \| Queensland Country Life \| QLD](https://feedsoft.ai/events/69376-forecasters-predict-improved-spring-rain-queensland-country-life-qld.md) | -3.4% | +3.6% |
| WHEAT | 2018-09-24 | [Grain prices surge as crop sink \| Queensland Country Life \| QLD](https://feedsoft.ai/events/62991-grain-prices-surge-as-crop-sink-queensland-country-life-qld.md) | -0.1% | +7.8% |

## Sources

- queenslandcountrylife.com.au: https://www.queenslandcountrylife.com.au/story/5802999/crop-forecasts-slashed-in-latest-abares-report/

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