# Long term crop forecasts - Mecardo

> ABARES long-term forecasts show Australian wheat production rising over the next two years, followed by weaker output before another lift. Canola production follows a similar pattern, with planted area fluctuating based on relative prices. The analysis notes that ABARES price forecasts typically stay close to current values.

- Date: 2024-04-02 · published 2024-04-02T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/30664-long-term-crop-forecasts-mecardo
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Multi-year production outlooks shape expectations for Australian export availability, but they carry limited near-term price impact given the long horizon.

## Read by commodity

- WHEAT: neutral
- CANMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-06-04 | [GPA CAUTIOUS ON NEW CROP FORECASTS](https://feedsoft.ai/events/29707-gpa-cautious-on-new-crop-forecasts.md) | +2.7% | -8.5% |
| WHEAT | 2024-01-02 | [COCERAL unveils 2024 crop forecast \| Miller Magazine](https://feedsoft.ai/events/32063-coceral-unveils-2024-crop-forecast-miller-magazine.md) | -2.8% | -2.7% |
| WHEAT | 2024-09-01 | [Preseason maize and wheat yield forecasts for early warning of crop failure](https://feedsoft.ai/events/28671-preseason-maize-and-wheat-yield-forecasts-for-early-warning-of-crop-failure.md) | +3.6% | +14.4% |
| WHEAT | 2016-08-15 | [USDA adjusts forecasts based on record corn, soybean crops](https://feedsoft.ai/events/9949-usda-adjusts-forecasts-based-on-record-corn-soybean-crops.md) | -0.3% | -2.5% |
| WHEAT | 2024-01-16 | [Good yields after a challenging year - Mecardo](https://feedsoft.ai/events/32080-good-yields-after-a-challenging-year-mecardo.md) | -0.8% | -5.7% |

## Sources

- mecardo.com.au: https://mecardo.com.au/long-term-crop-forecasts/

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