# Australia Wheat Industry Sees Record Production Boom

> Farmonaut reports the USDA FAS forecast of Australia's 2024-25 wheat crop at 32 million tonnes, 21% above the decade average, despite insufficient rainfall in southern regions. It also notes expected export growth and attributes the output to improved farming practices and favorable conditions in the north.

- Date: 2025-01-24 · published 2025-01-24T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/26461-australia-wheat-industry-sees-record-production-boom
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A large Australian wheat crop and higher exports add global supply, which is bearish for wheat and feed grain prices.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-12-03 | [Australia raises wheat production forecast by 60,000 tons](https://feedsoft.ai/events/26917-australia-raises-wheat-production-forecast-by-60-000-tons.md) | +1.1% | +2.7% |
| WHEAT | 2024-09-03 | [Australia raises wheat production forecast by 2.7 mln tons](https://feedsoft.ai/events/28282-australia-raises-wheat-production-forecast-by-2-7-mln-tons.md) | +1.6% | +11.6% |
| WHEAT | 2017-02-14 | [Australia’s wheat production reaches record high \| World-grain.com \| February 14, 2017 15:45 \| World Grain](https://feedsoft.ai/events/72462-australia-s-wheat-production-reaches-record-high-world-grain-com-february-14.md) | -0.8% | -1.2% |
| WHEAT | 2016-12-07 | [Australia to soar to production records \| The Rural \| Wagga Wagga, NSW](https://feedsoft.ai/events/73467-australia-to-soar-to-production-records-the-rural-wagga-wagga-nsw.md) | +1.1% | +0.2% |
| WHEAT | 2016-12-06 | [Australia to soar to production records \| Farm Online \| ACT](https://feedsoft.ai/events/73466-australia-to-soar-to-production-records-farm-online-act.md) | +1.2% | -0.3% |

## Sources

- farmonaut.com: https://farmonaut.com/australia/australia-wheat-boom-record-32m-tonnes-forecast-2024-25

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