# Banks forecast solid plant but grain production down on recent bumpers | Farm Online | ACT

> Rabobank's Australian Winter Crop Outlook forecasts a planted area of 23.48 million hectares for 2023-24, slightly above last year and 5% above the long-term average. Production is seen lower than recent bumper harvests, with wheat at 29.9 million tonnes, barley at 10.8 million and canola at 5.4 million.

- Date: 2023-05-30 · published 2023-05-30T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/35899-banks-forecast-solid-plant-but-grain-production-down-on-recent-bumpers-farm
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Lower Australian wheat and barley output versus recent record crops tightens exportable supply for feed grains and supports prices, especially if El Niño dries conditions further.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲
- CANMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-04-23 | [EU overall grains production forecast to decline \| World Grain](https://feedsoft.ai/events/19660-eu-overall-grains-production-forecast-to-decline-world-grain.md) | +1.4% | +2.5% |
| WHEAT | 2026-06-05 | [Australia's winter crop production forecast to be down 21 per cent](https://feedsoft.ai/events/18772-australia-s-winter-crop-production-forecast-to-be-down-21-per-cent.md) | -0.4% | +1.5% |
| WHEAT | 2021-10-01 | [Coceral lowers EU grain production forecast \| Miller Magazine](https://feedsoft.ai/events/44482-coceral-lowers-eu-grain-production-forecast-miller-magazine.md) | +5.1% | +8.6% |
| WHEAT | 2026-04-29 | [Australia’s wheat production forecast to drop \| World Grain](https://feedsoft.ai/events/19682-australia-s-wheat-production-forecast-to-drop-world-grain.md) | -3.1% | -0.4% |
| WHEAT | 2024-10-14 | [USDA adjusts global grain production forecasts \| Feed & Grain](https://feedsoft.ai/events/27918-usda-adjusts-global-grain-production-forecasts-feed-and-grain.md) | -0.9% | -1.4% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/8215981/large-plant-but-production-to-come-down/

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