# Grain imports on the cards as drought drives up prices and crop forecasts slashed - ABC News

> Australia's Department of Agriculture is assessing five applications to import bulk whole grain, including wheat, canola, corn and peas, from the US and Canada. Drought has pushed grain prices up sharply over the past year, and Rabobank expects a national winter crop below 30 million tonnes.

- Date: 2018-10-31 · published 2018-10-31T12:00:00.000Z
- Category: trade · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/62498-grain-imports-on-the-cards-as-drought-drives-up-prices-and-crop-forecasts
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Potential Australian imports of US and Canadian grain would add new export demand for those origins, while signalling tight domestic supply that supports Australian and global grain prices.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-11-20 | [Feed weekly outlook: Export demand supports grain prices - Grainews](https://feedsoft.ai/events/50227-feed-weekly-outlook-export-demand-supports-grain-prices-grainews.md) | -2.9% | +4.7% |
| WHEAT | 2025-01-21 | [Export prices for barley in Ukraine reached the level of corn and feed wheat prices](https://feedsoft.ai/events/26576-export-prices-for-barley-in-ukraine-reached-the-level-of-corn-and-feed-wheat.md) | +3.4% | +5.7% |
| WHEAT | 2020-10-26 | [Russian wheat hits a new high on China’s imports and poor outlook for corn crop in the Black Sea - The Sizov Report blog](https://feedsoft.ai/events/50512-russian-wheat-hits-a-new-high-on-china-s-imports-and-poor-outlook-for-corn-crop.md) | -0.9% | -5.0% |
| WHEAT | 2018-08-23 | [China's July grain imports plunge as tariffs on U.S. supplies bite \| Farmtario](https://feedsoft.ai/events/63415-china-s-july-grain-imports-plunge-as-tariffs-on-u-s-supplies-bite-farmtario.md) | +1.6% | -0.1% |
| WHEAT | 2023-07-21 | [Kevin Hazel, a Partner at Marsoft, gives the latest Marsoft comment on Ukrainian Grain Exports \| Marsoft News \| Marsoft](https://feedsoft.ai/events/35236-kevin-hazel-a-partner-at-marsoft-gives-the-latest-marsoft-comment-on-ukrainian.md) | -0.9% | -1.5% |
| CORN | 2018-11-29 | [Feed weekly outlook: Corn imports set to drop - Grainews](https://feedsoft.ai/events/9512-feed-weekly-outlook-corn-imports-set-to-drop-grainews.md) | +7.6% | +8.3% |
| CORN | 2020-11-20 | [Feed weekly outlook: Export demand supports grain prices - Grainews](https://feedsoft.ai/events/50227-feed-weekly-outlook-export-demand-supports-grain-prices-grainews.md) | +0.1% | +1.2% |
| CORN | 2025-01-21 | [Export prices for barley in Ukraine reached the level of corn and feed wheat prices](https://feedsoft.ai/events/26576-export-prices-for-barley-in-ukraine-reached-the-level-of-corn-and-feed-wheat.md) | -0.5% | +3.8% |

## Sources

- abc.net.au: https://www.abc.net.au/news/rural/2018-11-01/applications-to-import-grain-into-australia-as-demand-grows/10446916

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