◂ Event Timeline

Apr 25, 2017REPORTAustralia

FAS USDA forecasts sharp decline of the wheat and barley crops in Australia

USDA FAS forecasts Australian 2017-18 wheat output at 24 million tonnes, 31% below the current year, with barley falling 37% to 8.5 million tonnes. Wheat exports are projected at 18 million tonnes, about 20% lower.

WHY IT MATTERS

Lower Australian wheat and barley exports remove supply from key Asian buyers such as Indonesia, Vietnam and China, supporting feed grain prices.

AFFECTSWHEAT▲BARLEY▲

SOURCE
grainsprices.comGate.BGApr 25, 2017

Price reaction & history

WHEAT▲bullishSO FAR1d +0.3%5d +3.6%20d +2.1%

After 769 past bullish report events, WHEAT moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.

Jul 30, 2021A new decline in crop forecasts for the US, Canada and Russia continued to raise wheat prices+1.6%
Jul 3, 2023Australia to export less wheat, more barley: USDA FAS-9.9%
Apr 29, 2025Australia’s grain crops forecast upbeat | World Grain+2.1%
Oct 27, 2026Australia Forecasts Record Barley Output-0.2%
Apr 30, 2024Declines expected for Australian wheat, barley - MarketsFarm+2.3%

BARLEY▲bullish

Not enough comparable past events yet for a historical read.

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

WHEAT · GP ▸

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BARLEY · GP ▸

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