# ABARES releases forecast for Australian grain yield | Dry Bulk

> Dry Bulk reported the ABARES June forecasts of 29.1Mt wheat, 11.5Mt barley and 5.4Mt canola. Winter crop area is forecast at 23.6 million hectares, with wheat area up 3% and canola area down 9%.

- Date: 2024-06-06 · published 2024-06-06T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/29710-abares-releases-forecast-for-australian-grain-yield-dry-bulk
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Larger expected wheat and barley supply from Australia points to more competition in export markets, which weighs on feed grain prices.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-03-05 | [ABARES forecast: 38% more grain in Australia if it](https://feedsoft.ai/events/60041-abares-forecast-38-more-grain-in-australia-if-it.md) | -1.0% | -1.8% |
| WHEAT | 2025-01-24 | [Solid grain output forecast for Australia \| World Grain](https://feedsoft.ai/events/26457-solid-grain-output-forecast-for-australia-world-grain.md) | +3.9% | +4.7% |
| 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 | 2018-04-09 | [Steady growth forecast for Australian food commodities, ABARES \| Australian Food News](https://feedsoft.ai/events/65461-steady-growth-forecast-for-australian-food-commodities-abares-australian-food.md) | -0.6% | +6.3% |
| WHEAT | 2025-09-02 | [Australia’s winter crops forecast surges \| World Grain](https://feedsoft.ai/events/22824-australia-s-winter-crops-forecast-surges-world-grain.md) | -1.4% | -1.7% |

## Sources

- drybulkmagazine.com: https://www.drybulkmagazine.com/dry-bulk/06062024/abares-releases-forecast-for-australian-grain-yield/

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