# Harvest update from Rural Bank | Birchip Cropping Group

> Rural Bank forecasts Australia's 2017/18 total crop 35 percent below last season's record. Late-season frost hurt chickpeas and lentils in the Wimmera, and recent heavy rain puts remaining crops at risk of downgrading. Domestic wheat prices have decoupled from world markets.

- Date: 2017-12-06 · published 2017-12-06T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/67405-harvest-update-from-rural-bank-birchip-cropping-group
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A sharply smaller Australian crop tightens export availability and supports wheat, barley and pulse prices, though world wheat remains near 10-year lows.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-12-14 | [Markets to react to weather conditions \| Birchip Cropping Group](https://feedsoft.ai/events/8432-markets-to-react-to-weather-conditions-birchip-cropping-group.md) | +1.3% | +2.5% |
| WHEAT | 2018-11-01 | [Australia set for smallest winter crop in a decade: Rural Bank - Grain Central](https://feedsoft.ai/events/61992-australia-set-for-smallest-winter-crop-in-a-decade-rural-bank-grain-central.md) | -3.7% | -5.1% |
| WHEAT | 2020-09-08 | [French crop growers warn farms at risk after harvest setbacks](https://feedsoft.ai/events/51063-french-crop-growers-warn-farms-at-risk-after-harvest-setbacks.md) | +0.4% | +7.6% |
| WHEAT | 2017-06-15 | [Feed grain update: Prices rally in June - Grain Central](https://feedsoft.ai/events/70605-feed-grain-update-prices-rally-in-june-grain-central.md) | +0.4% | +0.4% |
| WHEAT | 2024-07-13 | [French soft wheat harvest slow and crop rating slips - Markets - Business Recorder](https://feedsoft.ai/events/29188-french-soft-wheat-harvest-slow-and-crop-rating-slips-markets-business-recorder.md) | -3.2% | -2.3% |

## Sources

- bcg.org.au: https://www.bcg.org.au/harvest-update-from-rural-bank/

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