# Weather to blame for falling farmer incomes and production, commodity forecaster ABARES says - ABC News

> ABARES expects Australian farm production to fall 5% to $59 billion in 2017-18 due to poor seasonal conditions. Wheat, barley, cotton, lamb, wool and dairy prices are forecast to rise, while beef and oilseeds prices are expected to fall.

- Date: 2018-03-05 · published 2018-03-05T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/65949-weather-to-blame-for-falling-farmer-incomes-and-production-commodity-forecaster
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A weather-driven drop in Australian crops tightens domestic feed grain supply, supporting barley prices for feed buyers.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-12-02 | [ABARES crop report forecasts winter production slump for third year in a row - ABC News](https://feedsoft.ai/events/55529-abares-crop-report-forecasts-winter-production-slump-for-third-year-in-a-row.md) | -0.7% | -1.9% |
| WHEAT | 2023-06-05 | [ABARES forecasts agricultural production to fall by 14 per cent to reach $79 billion in 2023–24 - ABC News](https://feedsoft.ai/events/35409-abares-forecasts-agricultural-production-to-fall-by-14-per-cent-to-reach-79.md) | -3.9% | +6.8% |
| WHEAT | 2018-09-11 | [Drought bites in the east as ABARES forecasts 12pc cut to grain production - ABC News](https://feedsoft.ai/events/62980-drought-bites-in-the-east-as-abares-forecasts-12pc-cut-to-grain-production-abc.md) | -7.4% | -7.0% |
| WHEAT | 2019-09-17 | [ABARES slashes grain production forecasts \| The Land \| NSW](https://feedsoft.ai/events/57047-abares-slashes-grain-production-forecasts-the-land-nsw.md) | +2.4% | +2.8% |
| WHEAT | 2026-04-23 | [Market Snapshot \| Costly inputs and weather burden global wheat production - Pro Farmer](https://feedsoft.ai/events/19768-market-snapshot-costly-inputs-and-weather-burden-global-wheat-production-pro.md) | +1.4% | +2.5% |

## Sources

- abc.net.au: https://www.abc.net.au/news/rural/2018-03-06/abares-commodity-crop-livestock-price-outlook/9509304

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