# USDA forecasts Australia's wheat crop to be up year on year | Farm Online | ACT

> The USDA Foreign Agricultural Service forecasts Australia's 2024-25 wheat crop at 29 million tonnes, up 8.6% year on year from 26 million in 2023-24. The increase reflects higher plantings, including canola crops resown to wheat in Western Australia.

- Date: 2024-08-22 · published 2024-08-22T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/28737-usda-forecasts-australia-s-wheat-crop-to-be-up-year-on-year-farm-online-act
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A larger Australian crop adds to export supply in a market already well supplied, which pressures world wheat prices.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-05-13 | [USDA forecasts Australian new-crop wheat at 31Mt - Grain Central](https://feedsoft.ai/events/24628-usda-forecasts-australian-new-crop-wheat-at-31mt-grain-central.md) | -4.2% | -2.6% |
| WHEAT | 2023-03-07 | [Australia sets new national crop record  \| Farm Online \| ACT](https://feedsoft.ai/events/36803-australia-sets-new-national-crop-record-farm-online-act.md) | -1.2% | -4.5% |
| 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% |
| WHEAT | 2025-03-03 | [Australia's 2024-25 grain crop surges to third largest on record \| Farm Online \| ACT](https://feedsoft.ai/events/25541-australia-s-2024-25-grain-crop-surges-to-third-largest-on-record-farm-online-act.md) | -3.4% | +0.5% |
| WHEAT | 2022-12-06 | [Australia forecasts record wheat crop despite floods](https://feedsoft.ai/events/38219-australia-forecasts-record-wheat-crop-despite-floods.md) | +9.9% | +9.2% |
| KWHEAT | 2019-10-14 | [USDA lifts global wheat stock estimates \| Farm Online \| ACT](https://feedsoft.ai/events/56500-usda-lifts-global-wheat-stock-estimates-farm-online-act.md) | +3.4% | +0.5% |
| KWHEAT | 2020-05-13 | [USDA forecasts intense competition on wheat, corn - Grain Central](https://feedsoft.ai/events/53176-usda-forecasts-intense-competition-on-wheat-corn-grain-central.md) | -8.7% | -5.4% |
| KWHEAT | 2019-03-04 | [Australia’s 2019-20 wheat output forecast higher \| 2019-03-04  \| World Grain](https://feedsoft.ai/events/60036-australia-s-2019-20-wheat-output-forecast-higher-2019-03-04-world-grain.md) | -3.6% | -2.4% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/8738629/usda-forecasts-australias-wheat-crop-to-be-up-year-on-year/

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