# ABARES pegs wheat at 25.4Mt, barley 10.5Mt, canola 5.2Mt

> ABARES cut its 2023-24 Australian wheat forecast to 25.4Mt from 26.2Mt in June, while raising barley to 10.5Mt and canola to 5.2Mt. Total winter crop output is forecast at 45.2Mt, down 34% from the record 2022-23 crop and below the 10-year average.

- Date: 2023-09-07 · published 2023-09-07T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/34062-abares-pegs-wheat-at-25-4mt-barley-10-5mt-canola-5-2mt
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A smaller Australian wheat and barley crop tightens export supplies available to Asian buyers, supporting prices for feed grains and wheat substitutes.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-02-17 | [ABARES cuts wheat to 15.2Mt, lifts barley to 8.9Mt - Grain Central](https://feedsoft.ai/events/54568-abares-cuts-wheat-to-15-2mt-lifts-barley-to-8-9mt-grain-central.md) | +5.0% | +9.6% |
| WHEAT | 2026-06-01 | [ABARES forecasts hefty drops for wheat, barley, canola - Grain Central](https://feedsoft.ai/events/18770-abares-forecasts-hefty-drops-for-wheat-barley-canola-grain-central.md) | -2.6% | -0.3% |
| WHEAT | 2025-06-03 | [Australia to cut wheat production by 10% in 2025/26 — ABARES](https://feedsoft.ai/events/24169-australia-to-cut-wheat-production-by-10-in-2025-26-abares.md) | -1.0% | -0.4% |
| WHEAT | 2024-07-02 | [Canadian wheat and barley areas fall: Grain market daily](https://feedsoft.ai/events/29320-canadian-wheat-and-barley-areas-fall-grain-market-daily.md) | +8.9% | +0.6% |
| WHEAT | 2018-06-19 | [Wheat/barley price prospects on the rise; oilseeds to fall: ABARES - Grain Central](https://feedsoft.ai/events/64497-wheat-barley-price-prospects-on-the-rise-oilseeds-to-fall-abares-grain-central.md) | -0.7% | -3.1% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/abares-pegs-wheat-at-25-4mt-barley-10-5mt-canola-5-2mt/

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