# Where did 5 million tonnes of Australian wheat go? - Grain Central

> The ABS survey put Australia's 2016 wheat production at 30 million tonnes, 5 million tonnes below ABARES's earlier estimate. USDA responded in its January WASDE by cutting Australia's 2016 output by 3 million tonnes and reducing its 2017/18 export forecast by 1.5 million tonnes.

- Date: 2018-01-18 · published 2018-01-18T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/66946-where-did-5-million-tonnes-of-australian-wheat-go-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The USDA trimming Australian supply and exports tightens the global wheat export balance modestly, supporting world wheat prices.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2017-12-05 | [Winter crop set to fall to 35.1 million tonnes: ABARES - Grain Central](https://feedsoft.ai/events/67431-winter-crop-set-to-fall-to-35-1-million-tonnes-abares-grain-central.md) | -4.7% | -2.6% |
| 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 | 2018-08-13 | [Australian wheat at unexpectedly high 22Mt: USDA - Grain Central](https://feedsoft.ai/events/63499-australian-wheat-at-unexpectedly-high-22mt-usda-grain-central.md) | -1.8% | +3.1% |
| 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% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/where-did-5-million-tonnes-of-australian-wheat-go/

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