# ABARES drops estimated crop production, further downside possible | Farm Online | ACT

> ABARES' 33% fall in Australian grain production is viewed by some analysts as possibly too optimistic, given dry conditions in Western Australia and South Australia. Wheat is estimated at 24.19 million tonnes, down from 35.11 million, and some analysts see a national wheat crop below 20 million tonnes.

- Date: 2017-06-16 · published 2017-06-16T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/70448-abares-drops-estimated-crop-production-further-downside-possible-farm-online-act
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Downside risk to Australian wheat and barley output could tighten export supplies further, which would add upward pressure on world wheat and feed barley prices.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-07-15 | [Global crop estimates down \| Farm Online \| ACT](https://feedsoft.ai/events/58041-global-crop-estimates-down-farm-online-act.md) | -0.5% | -3.1% |
| WHEAT | 2020-02-18 | [ABARES announces further cuts to wheat crop \| Farm Online \| ACT](https://feedsoft.ai/events/54571-abares-announces-further-cuts-to-wheat-crop-farm-online-act.md) | -0.9% | -0.1% |
| WHEAT | 2019-02-20 | [ABARES reports the winter crop is the lowest in over a decade  \| Farm Online \| ACT](https://feedsoft.ai/events/60578-abares-reports-the-winter-crop-is-the-lowest-in-over-a-decade-farm-online-act.md) | -3.5% | +0.0% |
| WHEAT | 2019-09-10 | [Winter crop down but still above last year \| Farm Online \| ACT](https://feedsoft.ai/events/57043-winter-crop-down-but-still-above-last-year-farm-online-act.md) | +2.6% | +1.0% |
| WHEAT | 2023-09-05 | [Australia's ABARES releases September Production Estimates](https://feedsoft.ai/events/34066-australia-s-abares-releases-september-production-estimates.md) | +2.1% | -4.1% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/4734220/abares-drops-estimated-crop-production-further-downside-possible/

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