# Farm production value remains stable despite drought: ABARES - Grain Central

> ABARES forecasts Australian farm production value at about $60 billion in 2018-19, with crop value down 3% to $30 billion on a 12% fall in winter crop volume. Higher prices for canola, coarse grains, cotton and wheat are expected, with indicative world wheat and coarse grain prices rising 9% and 12%.

- Date: 2018-09-18 · published 2018-09-18T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/62989-farm-production-value-remains-stable-despite-drought-abares-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

The forecast tightening of world wheat and coarse grain supply points to firmer feed grain prices in 2018-19.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-10-09 | [Lower prices, dry conditions depress farm incomes: ABARES - Grain Central](https://feedsoft.ai/events/33571-lower-prices-dry-conditions-depress-farm-incomes-abares-grain-central.md) | +5.3% | +5.3% |
| WHEAT | 2021-08-17 | [USDA slashes global wheat production - Grain Central](https://feedsoft.ai/events/45538-usda-slashes-global-wheat-production-grain-central.md) | +0.1% | +3.4% |
| WHEAT | 2020-07-14 | [Global wheat production on the decline - Grain Central](https://feedsoft.ai/events/52052-global-wheat-production-on-the-decline-grain-central.md) | +0.4% | -1.8% |
| WHEAT | 2025-07-30 | [PIRSA cuts SA production estimate to 7.59Mt - Grain Central](https://feedsoft.ai/events/23724-pirsa-cuts-sa-production-estimate-to-7-59mt-grain-central.md) | -0.7% | -0.1% |
| WHEAT | 2018-06-12 | [Dry puts the squeeze on national winter crop prospects: ABARES - Grain Central](https://feedsoft.ai/events/64492-dry-puts-the-squeeze-on-national-winter-crop-prospects-abares-grain-central.md) | -0.9% | -6.9% |
| CORN | 2022-08-16 | [Drought and Hot Temperatures Negatively Impact European Union Grain Production \| Farm Policy News \| Illinois](https://feedsoft.ai/events/39997-drought-and-hot-temperatures-negatively-impact-european-union-grain-production.md) | -3.7% | +2.5% |
| CORN | 2017-02-01 | [World stockfeed production eclipses one billion tonnes for first time - Grain Central](https://feedsoft.ai/events/72615-world-stockfeed-production-eclipses-one-billion-tonnes-for-first-time-grain.md) | -0.1% | +0.9% |
| CORN | 2018-06-19 | [Wheat/barley price prospects on the rise; oilseeds to fall: ABARES - Grain Central](https://feedsoft.ai/events/64497-wheat-barley-price-prospects-on-the-rise-oilseeds-to-fall-abares-grain-central.md) | -0.9% | -2.0% |

## Sources

- graincentral.com: https://www.graincentral.com/news/farm-production-value-remains-stable-despite-drought-abares/

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