# Australian Crop Update – Week 50, 2023

> Basis Commodities says the 2023/24 Australian wheat estimate is 25.1Mt and barley is 10.0Mt after harvest receival data. A stronger Australian dollar has lifted Aussie wheat FOB values, and more than 70% of barley exports are already sold.

- Date: 2023-12-19 · published 2023-12-19T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/32667-australian-crop-update-week-50-2023
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A firmer Aussie dollar raises the cost of Australian wheat in US-dollar terms, which supports FOB prices. Committed sales leave limited spot exportable supply.

## Read by commodity

- WHEAT: bullish ▲
- AUDUSD: bullish ▲

## Sources

- basiscommodities.com: https://www.basiscommodities.com/australian-crop-update-week-50-2023

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