# ABARES lifts wheat, canola estimates, trims barley

> UkrAgroConsult republished Grain Central's report that ABARES raised its wheat estimate by 60,000t to 31.89Mt and its canola estimate by 115,000t to 5.587Mt. The barley estimate was cut by 495,000t to 11.665Mt, mainly from South Australia.

- Date: 2024-12-06 · published 2024-12-06T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/26921-abares-lifts-wheat-canola-estimates-trims-barley
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A larger Australian wheat crop adds export supply at a time of low world prices, which is bearish for wheat. The lower barley estimate is mildly supportive for feed barley.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-03-04 | [ABARES lifts wheat, canola estimates, trims barley - Grain Central](https://feedsoft.ai/events/31171-abares-lifts-wheat-canola-estimates-trims-barley-grain-central.md) | +7.2% | -0.4% |
| WHEAT | 2024-12-02 | [ABARES lifts wheat, canola estimates, trims barley - Grain Central](https://feedsoft.ai/events/26915-abares-lifts-wheat-canola-estimates-trims-barley-grain-central.md) | +0.2% | +2.6% |
| WHEAT | 2022-09-05 | [ABARES lifts wheat, barley, canola estimates - Grain Central](https://feedsoft.ai/events/39533-abares-lifts-wheat-barley-canola-estimates-grain-central.md) | -0.5% | +4.5% |
| WHEAT | 2024-09-02 | [ABARES lifts wheat, barley, canola estimates in mixed season - Grain Central](https://feedsoft.ai/events/28279-abares-lifts-wheat-barley-canola-estimates-in-mixed-season-grain-central.md) | +3.6% | +14.4% |
| WHEAT | 2025-12-01 | [ABARES lifts forecasts for canola, wheat, barley - Grain Central](https://feedsoft.ai/events/21468-abares-lifts-forecasts-for-canola-wheat-barley-grain-central.md) | +1.9% | +0.7% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/abares-lifts-wheat-canola-estimates-trims-barley-2/

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