# ABARES forecast may be optimistic | The Land | NSW

> Ag Scientia analysis says NSW grain deliveries to GrainCorp reached only 1.6 million tonnes by the first week of December, well below last year's 5.5 million. Industry sources think ABARES's 4.8 million tonne NSW wheat forecast is optimistic.

- Date: 2017-12-12 · published 2017-12-12T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/67435-abares-forecast-may-be-optimistic-the-land-nsw
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

If NSW output falls short of ABARES's estimate, Australian export supplies would be tighter than officially forecast, supporting wheat and barley prices.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-06-25 | [MARS lowered yield forecasts for wheat, corn and rapeseed for the EU](https://feedsoft.ai/events/29697-mars-lowered-yield-forecasts-for-wheat-corn-and-rapeseed-for-the-eu.md) | -2.1% | +4.0% |
| WHEAT | 2020-02-24 | [ABARES cuts wheat and sorghum crop forecasts  \| Queensland Country Life \| QLD](https://feedsoft.ai/events/54574-abares-cuts-wheat-and-sorghum-crop-forecasts-queensland-country-life-qld.md) | -1.4% | +1.1% |
| WHEAT | 2025-06-06 | [ABARES releases initial forecasts for winter crops](https://feedsoft.ai/events/24173-abares-releases-initial-forecasts-for-winter-crops.md) | -1.7% | -3.7% |
| WHEAT | 2025-06-06 | [ABARES forecasts a weaker autumn crop harvest in Australia](https://feedsoft.ai/events/24175-abares-forecasts-a-weaker-autumn-crop-harvest-in-australia.md) | -1.7% | -3.7% |
| WHEAT | 2018-08-08 | [France's Latest Forecasts Show How Grain Crops Are Feeling The Heat \| ESM Magazine](https://feedsoft.ai/events/63467-france-s-latest-forecasts-show-how-grain-crops-are-feeling-the-heat-esm-magazine.md) | -3.0% | +3.0% |

## Sources

- theland.com.au: https://www.theland.com.au/story/5115956/grain-update-abares-forecast-may-be-optimistic/

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