# Australian wheat at unexpectedly high 22Mt: USDA - Grain Central

> The USDA's August WASDE projects Australian wheat output at 22 million tonnes, unchanged from July and 3Mt above INTL FCStone's 19Mt survey. The USDA cut its European cereal crop estimate by 7.5Mt to 137.5Mt after hot, dry weather in major producing regions.

- Date: 2018-08-13 · published 2018-08-13T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/63499-australian-wheat-at-unexpectedly-high-22mt-usda-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Europe's smaller crop tightens global wheat supplies, which supports prices. Market participants expect Australian estimates to fall as dryness in eastern states cuts output.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-05-15 | [USDA sees 26pc drop in Australia's new-crop wheat - Grain Central](https://feedsoft.ai/events/35906-usda-sees-26pc-drop-in-australia-s-new-crop-wheat-grain-central.md) | -1.6% | -7.1% |
| WHEAT | 2017-04-24 | [Australian 2017 wheat crop forecast to reach 24 million tonnes: USDA report - Grain Central](https://feedsoft.ai/events/71469-australian-2017-wheat-crop-forecast-to-reach-24-million-tonnes-usda-report.md) | +2.4% | +1.0% |
| WHEAT | 2018-01-18 | [Where did 5 million tonnes of Australian wheat go? - Grain Central](https://feedsoft.ai/events/66946-where-did-5-million-tonnes-of-australian-wheat-go-grain-central.md) | +2.9% | +5.9% |
| WHEAT | 2019-12-11 | [Australian wheat export forecast cut, imports tripled: WASDE - Grain Central](https://feedsoft.ai/events/55534-australian-wheat-export-forecast-cut-imports-tripled-wasde-grain-central.md) | +2.6% | +4.1% |
| WHEAT | 2020-07-13 | [Global wheat prices soften in June: USDA - Grain Central](https://feedsoft.ai/events/52172-global-wheat-prices-soften-in-june-usda-grain-central.md) | -0.4% | -1.3% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/australian-wheat-at-unexpectedly-high-22mt-usda/

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