# Winter crop plantings for 2023-24 at all-time record but harvest levels a perceived risk - Australasian Farmers' & Dealers' Journal

> Rural Bank projects Australia's winter cereal production to fall from record highs, with wheat output down 34% to 26.2 million tonnes. The forecast assumes below-average winter and spring rainfall. Plantings for 2023-24 are expected to be at or near record levels.

- Date: 2023-07-08 · published 2023-07-08T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/35010-winter-crop-plantings-for-2023-24-at-all-time-record-but-harvest-levels-a
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A sharp drop in Australian wheat output from a record planted area would tighten export supplies and support wheat prices. The outlook depends heavily on El Niño, which had not yet been declared.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-06-05 | [Winter crop prediction for 2023-24 expands on dryer El Niño threat - Australasian Farmers' & Dealers' Journal](https://feedsoft.ai/events/35434-winter-crop-prediction-for-2023-24-expands-on-dryer-el-nino-threat-australasian.md) | -3.9% | +6.8% |
| WHEAT | 2018-02-13 | [Winter crop harvest survives tough season, but summer yields at risk  \| Farm Online \| ACT](https://feedsoft.ai/events/66465-winter-crop-harvest-survives-tough-season-but-summer-yields-at-risk-farm-online.md) | -0.7% | +1.7% |
| WHEAT | 2019-07-29 | [Argentina wheat farmers eye record harvest as bad crop weather hits rivals](https://feedsoft.ai/events/58133-argentina-wheat-farmers-eye-record-harvest-as-bad-crop-weather-hits-rivals.md) | +0.7% | -1.2% |
| WHEAT | 2018-08-22 | [Record grain harvest potential for Western Australian farmers as prices spike on east coast drought - ABC News](https://feedsoft.ai/events/63501-record-grain-harvest-potential-for-western-australian-farmers-as-prices-spike.md) | +1.0% | -0.6% |
| WHEAT | 2023-06-10 | [Australian winter crop production to fall from consecutive record highs - International Milling Directory](https://feedsoft.ai/events/35433-australian-winter-crop-production-to-fall-from-consecutive-record-highs.md) | +1.1% | +0.2% |

## Sources

- afdj.com.au: https://afdj.com.au/winter-crop-plantings-for-2023-24-at-all-time-record-but-harvest-levels-at-risk/

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