# Focus on Australia | World-grain.com | November 03, 2017 19:27 | World Grain

> The International Grains Council cut its 2017-18 Australian grains production forecast to 32.8 million tonnes, with wheat at 21.5 million tonnes, a nine-year low. Barley was forecast at 7.8 million tonnes, and frost concerns in New South Wales were cited.

- Date: 2017-11-03 · published 2017-11-03T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/67937-focus-on-australia-world-grain-com-november-03-2017-19-27-world-grain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Lower Australian wheat and barley supplies tighten the export balance for buyers in Asia and tend to support world feed grain prices.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-01-23 | [Focus on Australia \| World Grain](https://feedsoft.ai/events/32084-focus-on-australia-world-grain.md) | -0.1% | -5.5% |
| WHEAT | 2017-12-04 | [Australian grain crops forecast lower in 2017-18 \| World-grain.com \| December 04, 2017 14:05 \| World Grain](https://feedsoft.ai/events/67430-australian-grain-crops-forecast-lower-in-2017-18-world-grain-com-december-04.md) | +2.7% | +0.6% |
| WHEAT | 2017-07-11 | [Focus on the United States \| World-grain.com \| July 11, 2017 19:59 \| World Grain](https://feedsoft.ai/events/70016-focus-on-the-united-states-world-grain-com-july-11-2017-19-59-world-grain.md) | -2.0% | -1.7% |
| WHEAT | 2019-09-10 | [Australian crop condition deteriorates \| 2019-09-10  \| World Grain](https://feedsoft.ai/events/57046-australian-crop-condition-deteriorates-2019-09-10-world-grain.md) | +2.6% | +1.0% |
| WHEAT | 2019-06-18 | [Australia lowers wheat export forecast \| 2019-06-18  \| World Grain](https://feedsoft.ai/events/58550-australia-lowers-wheat-export-forecast-2019-06-18-world-grain.md) | +7.1% | -3.2% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/10288-focus-on-australia

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