# ABARES lifts wheat, canola estimates, trims barley - Grain Central

> ABARES finalised Australia's 2023/24 winter crop estimates at 25.96 Mt wheat, 10.8 Mt barley and 5.68 Mt canola. Wheat and canola were raised on better output in Victoria and New South Wales, while barley was trimmed. The harvest was earlier and faster than in recent years.

- Date: 2024-03-04 · published 2024-03-04T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/31171-abares-lifts-wheat-canola-estimates-trims-barley-grain-central
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher Australian wheat and canola supplies add export competition and weigh on canola meal prices. The smaller barley crop tightens feed grain supply and supports barley prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-12-06 | [ABARES lifts wheat, canola estimates, trims barley](https://feedsoft.ai/events/26921-abares-lifts-wheat-canola-estimates-trims-barley.md) | +0.7% | +0.4% |
| 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/
- graincentral.com: https://www.graincentral.com/news/abares-lifts-wheat-canola-estimates-trims-barley/

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