# Australia’s national wheat production dips while global crops prove ‘significantly’ bigger than expected  | Countryman

> USDA reports show Australian wheat production forecast to fall to 29Mt in 2023-24, its smallest in five years, while global crops are seen significantly bigger than expected. Black Sea exports are relatively unimpeded, and Australian wheat quotes have fallen $4 per tonne since May.

- Date: 2023-06-19 · published 2023-06-19T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/35435-australia-s-national-wheat-production-dips-while-global-crops-prove
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Large global supplies and steady Black Sea exports cap wheat prices despite the Australian decline, so the net price effect is limited.

## Read by commodity

- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-03-04 | [Farm production expected to fall due to drought \| The National Tribune](https://feedsoft.ai/events/60045-farm-production-expected-to-fall-due-to-drought-the-national-tribune.md) | +0.7% | +5.2% |
| WHEAT | 2025-08-12 | [USDA Ups 2025 Corn Production More Than Expected in Latest Crop Production Report](https://feedsoft.ai/events/23262-usda-ups-2025-corn-production-more-than-expected-in-latest-crop-production.md) | +2.8% | -0.0% |
| WHEAT | 2023-04-21 | [A larger corn crop is expected globally](https://feedsoft.ai/events/36434-a-larger-corn-crop-is-expected-globally.md) | -8.6% | -9.9% |
| WHEAT | 2020-10-01 | [Global wheat and maize production overview: Grain Market Daily \| AHDB](https://feedsoft.ai/events/50579-global-wheat-and-maize-production-overview-grain-market-daily-ahdb.md) | +2.1% | +3.5% |
| 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% |

## Sources

- countryman.com.au: https://www.countryman.com.au/countryman/grain/australias-national-wheat-production-dips-while-global-crops-prove-significantly-bigger-than-expected--c-10995793

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