# IKON forecasts total wheat, barley, canola at 48.1Mt - Grain Central

> IKON Commodities forecasts Australia's wheat, barley and canola output at 48.1 million tonnes, down from last year's record 65Mt but 3% above the five-year average. IKON's wheat estimate of 30.4Mt is well above ABARES's June figure of 26.2Mt.

- Date: 2023-09-01 · published 2023-09-01T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/34069-ikon-forecasts-total-wheat-barley-canola-at-48-1mt-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A private forecast above ABARES's wheat estimate suggests the market may see less supply tightening than official figures indicate, which could weigh on prices.

## Read by commodity

- WHEAT: neutral
- BARLEY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-12-04 | [Barley, canola, wheat estimates lift over quarter: ABARES - Grain Central](https://feedsoft.ai/events/32664-barley-canola-wheat-estimates-lift-over-quarter-abares-grain-central.md) | +0.5% | -0.5% |
| WHEAT | 2019-11-22 | [Wheat production, trade rising: IGC - Grain Central](https://feedsoft.ai/events/55997-wheat-production-trade-rising-igc-grain-central.md) | +1.6% | -0.7% |
| WHEAT | 2017-02-16 | [StrategieGrains increased forecasts for barley and](https://feedsoft.ai/events/72430-strategiegrains-increased-forecasts-for-barley-and.md) | -0.9% | -0.4% |
| WHEAT | 2021-11-26 | [Wheat estimates climb ahead of ABARES' revision - Grain Central](https://feedsoft.ai/events/44020-wheat-estimates-climb-ahead-of-abares-revision-grain-central.md) | -0.8% | -3.5% |
| WHEAT | 2020-02-11 | [USDA lifts wheat, soybean export forecasts \| 2020-02-11  \| World Grain](https://feedsoft.ai/events/54562-usda-lifts-wheat-soybean-export-forecasts-2020-02-11-world-grain.md) | +4.4% | +9.6% |

## Sources

- graincentral.com: https://www.graincentral.com/cropping/ikon-forecasts-total-wheat-barley-canola-at-48-1mt/

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