# Canadian and Australian crops increased: Grain market daily | AHDB

> Statistics Canada's updated figures show the 2023/24 Canadian wheat, barley, oat and canola crops are larger than previously forecast. Updated Australian government estimates also point to larger crops, except for oats, though both countries' crops remain smaller than last year.

- Date: 2023-12-05 · published 2023-12-05T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/32776-canadian-and-australian-crops-increased-grain-market-daily-ahdb
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Larger Canadian and Australian crops add exportable supply to a market where both countries supply a large share of world barley and canola trade, which is bearish for prices.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-12-05 | [Record Canadian crop weigh on rapeseed prices: Grain market daily \| AHDB](https://feedsoft.ai/events/21605-record-canadian-crop-weigh-on-rapeseed-prices-grain-market-daily-ahdb.md) | -1.6% | -1.1% |
| WHEAT | 2025-12-02 | [Australian production estimates pressure markets: Grain market daily \| AHDB](https://feedsoft.ai/events/21471-australian-production-estimates-pressure-markets-grain-market-daily-ahdb.md) | -1.2% | -1.1% |
| WHEAT | 2019-07-10 | [#AHDBCropTour moves south: Grain Market Daily \| AHDB](https://feedsoft.ai/events/58183-ahdbcroptour-moves-south-grain-market-daily-ahdb.md) | +0.5% | -2.8% |
| WHEAT | 2024-06-04 | [Australian winter crop totals expected to increase 9% \| World Grain](https://feedsoft.ai/events/29706-australian-winter-crop-totals-expected-to-increase-9-world-grain.md) | +2.7% | -8.5% |
| WHEAT | 2022-10-20 | [Heavier wheat and barley balance sheets in 2022/23: Grain market daily \| AHDB](https://feedsoft.ai/events/39216-heavier-wheat-and-barley-balance-sheets-in-2022-23-grain-market-daily-ahdb.md) | -0.2% | +2.0% |

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/canadian-and-australian-crops-increased-grain-market-daily

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