# Outlook grim for season ahead | Farm Online | ACT

> Australian Crop Forecasters puts the 2018 wheat crop near 24.6 million tonnes, close to average, but warns downgrades are likely without opening rain. Most areas have had below-average rainfall and no true autumn break.

- Date: 2018-05-23 · published 2018-05-23T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/64976-outlook-grim-for-season-ahead-farm-online-act
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A likely downgrade to Australian output would reduce export supply and support wheat and barley prices into the new crop year.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-11-18 | [WA wheat crop forecast dives \| Farm Online \| ACT](https://feedsoft.ai/events/56007-wa-wheat-crop-forecast-dives-farm-online-act.md) | +3.8% | +3.1% |
| WHEAT | 2018-06-19 | [El Nino odds firm \| Farm Online \| ACT](https://feedsoft.ai/events/64462-el-nino-odds-firm-farm-online-act.md) | -0.7% | -3.1% |
| WHEAT | 2019-01-28 | [Global grain prices on the move \| Farm Online \| ACT](https://feedsoft.ai/events/61168-global-grain-prices-on-the-move-farm-online-act.md) | +0.1% | -2.8% |
| WHEAT | 2023-06-30 | [Tight outlook for EU barley next season? Grain market daily  \| AHDB](https://feedsoft.ai/events/35556-tight-outlook-for-eu-barley-next-season-grain-market-daily-ahdb.md) | -8.4% | -8.3% |
| WHEAT | 2018-09-11 | [Big season in west can’t drag national production up \| Farm Online \| ACT](https://feedsoft.ai/events/62983-big-season-in-west-can-t-drag-national-production-up-farm-online-act.md) | -7.4% | -7.0% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/5423434/outlook-grim-for-season-ahead/

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