27.01.2021 Views

app_images_resizable_AGROMET-20_dcc41895_1610965740833

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Western Australian Wheat Production Forecasts in million tonnes compared to ABARES

Predictions

Month

Agromet Aust

ABARE

AMA

ABARE

Seasonal

Outlook(median)

(million tonnes)

(difference in

million tonnes)

(difference in

million tonnes)

June 5.70 (6.41) 8.2 -0.10 (+0.61) +2.4

July 8.75 (8.29) +2.95 (+2.49)

August 7.51 (7.46) +1.71 (+1.66)

September 7.10 (7.60) 8.05 +1.30 (+1.80) +2.25

October 5.52 (5.52) -0.28 (-0.28)

November 6.00 (6.00) +0.20 (+0.20)

December 6.0 +0.20

February 2020 5.80 (final est.) -

Table 2. Agrometeorology Australia’s Western Australian wheat production forecasts during 2019 compared

to the final ABARE forecast (in yellow)

Once again, the Agrometeorology Australia (AMA) STIN model production forecasts were consistently

more accurate than ABARE forecasts, especially those based on the AMA seasonal outlook. In June this

forecast was two and a half million tonnes lower than what ABARE was predicting and was close to the

final estimate. Mid-season forecasts were too optimistic, especially in July when a wet June combined with

a more optimistic outlook to cause yield predictions to jump. This was the only month five analogue years

was reduced down to three analogues and was a classic case of forecasts being distracted by short-term

noise rather than longer term signals. However, final estimates in early October and November were all

within 280 000 tonnes of the final ABARE estimate of 5.8 million tonnes.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!