# Australia cuts wheat production forecast | World-grain.com | June 12, 2018 20:28 | World Grain

> ABARES cut its 2018-19 Australian wheat production forecast by 8% to 21.9 million tonnes from 23.7 Mt, citing dry weather on the east coast. Barley is forecast at 9.2 Mt and canola at 3.1 Mt, with chickpeas down 40%.

- Date: 2018-06-13 · published 2018-06-13T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/64493-australia-cuts-wheat-production-forecast-world-grain-com-june-12-2018-20-28
- 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 sizeable downgrade to Australian wheat supply tightens export availability and supports world wheat prices, which feed buyers pay for wheat-based feed.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-07-28 | [Australia forecasts 34% decline in wheat production](https://feedsoft.ai/events/35012-australia-forecasts-34-decline-in-wheat-production.md) | -0.1% | -2.1% |
| WHEAT | 2017-08-08 | [Wheat production forecast down: NAB - Grain Central](https://feedsoft.ai/events/69415-wheat-production-forecast-down-nab-grain-central.md) | +0.5% | -0.8% |
| WHEAT | 2018-12-04 | [Australia’s winter crop production estimated to plummet 23% \| 2018-12-04  \| World Grain](https://feedsoft.ai/events/61534-australia-s-winter-crop-production-estimated-to-plummet-23-2018-12-04-world.md) | -0.3% | +1.5% |
| WHEAT | 2018-09-11 | [Drought lowers Australian grain forecast \| 2018-09-11  \| World Grain](https://feedsoft.ai/events/62987-drought-lowers-australian-grain-forecast-2018-09-11-world-grain.md) | -7.4% | -7.0% |
| WHEAT | 2025-04-02 | [Analysts forecast a decrease in wheat production in Australia in the new season](https://feedsoft.ai/events/25087-analysts-forecast-a-decrease-in-wheat-production-in-australia-in-the-new-season.md) | -0.8% | +1.9% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/10508-australia-cuts-wheat-production-forecast

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