# Australian 2017 wheat crop forecast to reach 24 million tonnes: USDA report - Grain Central

> The USDA Grain and Feed Annual forecasts Australia's 2017 wheat crop at 24 million tonnes, down from a record 35Mt in 2016, and barley at 8.5Mt from 13.4Mt. Australian 2017/18 wheat exports are estimated at 18Mt, down over 20%, partly due to shipping delays and a strong Australian dollar.

- Date: 2017-04-24 · published 2017-04-24T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/71469-australian-2017-wheat-crop-forecast-to-reach-24-million-tonnes-usda-report
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Smaller Australian exports tighten global feed grain and wheat supplies, while logistics problems add to export uncertainty and support prices.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-01-18 | [Where did 5 million tonnes of Australian wheat go? - Grain Central](https://feedsoft.ai/events/66946-where-did-5-million-tonnes-of-australian-wheat-go-grain-central.md) | +2.9% | +5.9% |
| WHEAT | 2019-12-11 | [Australian wheat export forecast cut, imports tripled: WASDE - Grain Central](https://feedsoft.ai/events/55534-australian-wheat-export-forecast-cut-imports-tripled-wasde-grain-central.md) | +2.6% | +4.1% |
| WHEAT | 2023-05-15 | [USDA sees 26pc drop in Australia's new-crop wheat - Grain Central](https://feedsoft.ai/events/35906-usda-sees-26pc-drop-in-australia-s-new-crop-wheat-grain-central.md) | -1.6% | -7.1% |
| WHEAT | 2026-04-29 | [Australia’s wheat production forecast to drop \| World Grain](https://feedsoft.ai/events/19682-australia-s-wheat-production-forecast-to-drop-world-grain.md) | -3.1% | -0.4% |
| WHEAT | 2017-12-05 | [Winter crop set to fall to 35.1 million tonnes: ABARES - Grain Central](https://feedsoft.ai/events/67431-winter-crop-set-to-fall-to-35-1-million-tonnes-abares-grain-central.md) | -4.7% | -2.6% |

## Sources

- graincentral.com: https://www.graincentral.com/cropping/grains/usda-report-forecasts-australian-2017-wheat-crop-at-24m-tonnes/
- graincentral.com: https://www.graincentral.com/cropping/usda-report-forecasts-australian-2017-wheat-crop-at-24m-tonnes/

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