# Grain production to ease back after record winter crop: ABARES - Grain Central

> ABARES forecasts Australian grain and oilseed production to fall back to average levels in 2017-18 after a record 58.9 million tonne winter crop in 2016-17. Record global cereal output has pushed grain prices to real lows not seen since the mid-2000s.

- Date: 2017-03-09 · published 2017-03-09T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/71941-grain-production-to-ease-back-after-record-winter-crop-abares-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Record Australian supply plus lower 2017-18 output shifts the wheat and barley outlook, with global prices staying low while Australian exports remain competitive.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-11-29 | [Record year for Australian winter crop production: ABARES - Grain Central](https://feedsoft.ai/events/44017-record-year-for-australian-winter-crop-production-abares-grain-central.md) | -1.1% | -3.5% |
| WHEAT | 2021-09-07 | [ABARES forecasts record winter crop production - Beef Central](https://feedsoft.ai/events/45029-abares-forecasts-record-winter-crop-production-beef-central.md) | +1.8% | +5.2% |
| WHEAT | 2020-06-10 | [Winter crop production forecast to jump 53pc: ABARES - Grain Central](https://feedsoft.ai/events/52588-winter-crop-production-forecast-to-jump-53pc-abares-grain-central.md) | -1.1% | -5.3% |
| WHEAT | 2016-12-07 | [Winter crop production to hit record high: ABARES](https://feedsoft.ai/events/73447-winter-crop-production-to-hit-record-high-abares.md) | +1.1% | +0.2% |
| WHEAT | 2021-06-07 | [Winter crop area heading towards record high: ABARES - Grain Central](https://feedsoft.ai/events/46543-winter-crop-area-heading-towards-record-high-abares-grain-central.md) | +1.2% | -2.1% |

## Sources

- graincentral.com: https://www.graincentral.com/cropping/grain-production-to-ease-back-after-record-winter-crop-abares/

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