# Drought bites in the east as ABARES forecasts 12pc cut to grain production - ABC News

> ABARES forecasts Australia's winter grain production at 33.2 million tonnes, down 12% from its June estimate and 9% below the 20-year average. Drought has hit crops in New South Wales and Queensland, while Western Australia is expected to post above-average yields.

- Date: 2018-09-11 · published 2018-09-11T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/62980-drought-bites-in-the-east-as-abares-forecasts-12pc-cut-to-grain-production-abc
- 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

A sharp eastern Australian crop cut tightens exportable supply of wheat, barley and canola, supporting prices for Australian and world feed grains.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-09-17 | [ABARES slashes grain production forecasts \| The Land \| NSW](https://feedsoft.ai/events/57047-abares-slashes-grain-production-forecasts-the-land-nsw.md) | +2.4% | +2.8% |
| WHEAT | 2023-06-05 | [ABARES forecasts agricultural production to fall by 14 per cent to reach $79 billion in 2023–24 - ABC News](https://feedsoft.ai/events/35409-abares-forecasts-agricultural-production-to-fall-by-14-per-cent-to-reach-79.md) | -3.9% | +6.8% |
| WHEAT | 2019-12-02 | [ABARES crop report forecasts winter production slump for third year in a row - ABC News](https://feedsoft.ai/events/55529-abares-crop-report-forecasts-winter-production-slump-for-third-year-in-a-row.md) | -0.7% | -1.9% |
| WHEAT | 2017-09-12 | [Forecast decrease for winter crop production: ABARES - Grain Central](https://feedsoft.ai/events/68910-forecast-decrease-for-winter-crop-production-abares-grain-central.md) | +1.0% | +4.5% |
| WHEAT | 2018-03-05 | [Weather to blame for falling farmer incomes and production, commodity forecaster ABARES says - ABC News](https://feedsoft.ai/events/65949-weather-to-blame-for-falling-farmer-incomes-and-production-commodity-forecaster.md) | +0.8% | +0.6% |

## Sources

- abc.net.au: https://www.abc.net.au/news/rural/2018-09-11/abares-crop-report-september/10223008

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