# ABARES cuts production forecasts

 | Queensland Country Life | QLD

> ABARES cut its national grain production forecasts, with wheat at 21.6 Mt and total winter crops at 36.3 Mt, down 39%. Queensland wheat is halved to 900,000 t and Queensland barley to 150,000 t, with August frosts also expected to hurt southern yields.

- Date: 2017-09-18 · published 2017-09-18T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/68921-abares-cuts-production-forecasts-queensland-country-life-qld
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Sharply lower Queensland and southern output reduces Australian feed grain supply and supports export prices for barley and wheat.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-12-10 | [​Crop forecasts slashed in ABARES December report​ \| Queensland Country Life \| QLD](https://feedsoft.ai/events/61532-crop-forecasts-slashed-in-abares-december-report-queensland-country-life-qld.md) | +0.8% | +1.7% |
| WHEAT | 2018-06-18 | [Crop forecasts tumble with prolonged dry

 \| Queensland Country Life \| QLD](https://feedsoft.ai/events/64498-crop-forecasts-tumble-with-prolonged-dry-queensland-country-life-qld.md) | -0.3% | -3.8% |
| WHEAT | 2017-08-21 | [Forecasters predict improved spring rain

 \| Queensland Country Life \| QLD](https://feedsoft.ai/events/69376-forecasters-predict-improved-spring-rain-queensland-country-life-qld.md) | -3.4% | +3.6% |
| WHEAT | 2019-01-02 | [Winter crop production falls below 30 million tonnes \| Queensland Country Life \| QLD](https://feedsoft.ai/events/61045-winter-crop-production-falls-below-30-million-tonnes-queensland-country-life-qld.md) | +1.3% | +3.8% |
| 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% |

## Sources

- queenslandcountrylife.com.au: https://www.queenslandcountrylife.com.au/story/4930373/abares-cuts-national-grain-yield-forecasts/

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