# Mixed outlook for Australian grain/cotton prospects: ABARES - Grain Central

> ABARES projects world wheat prices to rise modestly in 2018/19 from historically low levels, with US HRW fob Gulf averaging about US$234/t. World wheat production is forecast to fall to 742 Mt, driven by lower output in the Black Sea and EU.

- Date: 2018-03-06 · published 2018-03-06T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/65948-mixed-outlook-for-australian-grain-cotton-prospects-abares-grain-central
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower exportable supplies from major exporters and rising import demand point to firmer wheat prices, which would raise the cost of wheat used in feed rations.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 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) | +12.3% | +17.8% |
| KWHEAT | 2021-08-17 | [USDA slashes global wheat production - Grain Central](https://feedsoft.ai/events/45538-usda-slashes-global-wheat-production-grain-central.md) | -4.4% | -6.8% |
| KWHEAT | 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) | -1.2% | -6.0% |
| KWHEAT | 2024-10-14 | [USDA adjusts global grain production forecasts \| Feed & Grain](https://feedsoft.ai/events/27918-usda-adjusts-global-grain-production-forecasts-feed-and-grain.md) | -3.9% | -6.7% |
| KWHEAT | 2020-04-14 | [COVID-19 lifts prices despite big wheat stocks: USDA - Grain Central](https://feedsoft.ai/events/53684-covid-19-lifts-prices-despite-big-wheat-stocks-usda-grain-central.md) | +0.3% | +0.4% |
| WHEAT | 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) | -0.7% | -3.1% |
| 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% |
| 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% |

## Sources

- graincentral.com: https://www.graincentral.com/cropping/mixed-outlook-for-australian-grain-cotton-prospects-abares/

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