# Global grain gains | Meat & Livestock Australia

> Global grain prices have accelerated in recent months as pasture and crop conditions deteriorated across key producing countries. ABARES forecasts Australia's 2017-18 winter crop to fall 33% to 40 million tonnes, and USDA cut US wheat output on a 25% winter wheat decline amid the worst drought in decades in Montana, North Dakota and South Dakota.

- Date: 2017-07-25 · published 2017-07-25T12:00:00.000Z
- Category: weather · region Global · magnitude high
- Page: https://feedsoft.ai/events/69906-global-grain-gains-meat-and-livestock-australia
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Lower Australian and US wheat supplies, combined with falling world wheat output, support higher feed grain and wheat values for buyers, with high-protein wheat strengthening.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-04-15 | [Latest BOM forecast indicates dry period ahead \| Meat & Livestock Australia](https://feedsoft.ai/events/47525-latest-bom-forecast-indicates-dry-period-ahead-meat-and-livestock-australia.md) | +4.1% | +6.9% |
| WHEAT | 2021-11-29 | [Wheat Markets Find New Legs in Australia - Alberta Grains](https://feedsoft.ai/events/44081-wheat-markets-find-new-legs-in-australia-alberta-grains.md) | -1.1% | -3.5% |
| WHEAT | 2019-01-29 | [It’s hot! Damn hot! Real hot! - Grain Brokers Australia](https://feedsoft.ai/events/61135-it-s-hot-damn-hot-real-hot-grain-brokers-australia.md) | -0.9% | -5.8% |
| WHEAT | 2021-08-30 | [EU harvest adds to the global wheat dilemma - Grain Central](https://feedsoft.ai/events/45511-eu-harvest-adds-to-the-global-wheat-dilemma-grain-central.md) | +0.2% | +0.5% |
| WHEAT | 2018-12-18 | [Weekly Market Report - Grain Brokers Australia](https://feedsoft.ai/events/61642-weekly-market-report-grain-brokers-australia.md) | -1.8% | -2.2% |
| KWHEAT | 2021-11-29 | [Wheat Markets Find New Legs in Australia - Alberta Grains](https://feedsoft.ai/events/44081-wheat-markets-find-new-legs-in-australia-alberta-grains.md) | -5.0% | -2.1% |
| KWHEAT | 2017-06-22 | [Knife edge market - StockCo Australia](https://feedsoft.ai/events/70515-knife-edge-market-stockco-australia.md) | -1.3% | +7.7% |
| KWHEAT | 2025-03-17 | [Wheat and Livestock Soar on Monday - AgWeb](https://feedsoft.ai/events/5621-wheat-and-livestock-soar-on-monday-agweb.md) | +2.7% | -1.0% |

## Sources

- mla.com.au: https://www.mla.com.au/prices-markets/market-news/2017/global-grain-gains/

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