# ABARES ups estimates for record wheat, canola crops - Grain Central

> ABARES estimates Australia's 2022-23 winter crop at 39.2 million tonnes of wheat, 14.1 Mt of barley and 8.3 Mt of canola, all record or near-record levels. Gross value of production is forecast at $90 billion, a new record.

- Date: 2023-03-06 · published 2023-03-06T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/36762-abares-ups-estimates-for-record-wheat-canola-crops-grain-central
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Large Australian wheat, barley and canola supplies add to global export availability, which is bearish for wheat and barley prices and adds canola meal supply.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-12-05 | [ABARES forecasts record wheat, canola crops - Grain Central](https://feedsoft.ai/events/38213-abares-forecasts-record-wheat-canola-crops-grain-central.md) | -9.5% | -0.8% |
| WHEAT | 2022-09-05 | [ABARES lifts wheat, barley, canola estimates - Grain Central](https://feedsoft.ai/events/39533-abares-lifts-wheat-barley-canola-estimates-grain-central.md) | -0.5% | +4.5% |
| WHEAT | 2026-03-02 | [ABARES confirms record for barley; canola, wheat lift - Grain Central](https://feedsoft.ai/events/20124-abares-confirms-record-for-barley-canola-wheat-lift-grain-central.md) | +1.6% | +0.1% |
| WHEAT | 2024-03-04 | [ABARES lifts wheat, canola estimates, trims barley - Grain Central](https://feedsoft.ai/events/31171-abares-lifts-wheat-canola-estimates-trims-barley-grain-central.md) | +7.2% | -0.4% |
| WHEAT | 2024-12-02 | [ABARES lifts wheat, canola estimates, trims barley - Grain Central](https://feedsoft.ai/events/26915-abares-lifts-wheat-canola-estimates-trims-barley-grain-central.md) | +0.2% | +2.6% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/abares-ups-estimates-for-record-wheat-canola-crops/
- graincentral.com: https://www.graincentral.com/news/abares-ups-estimates-for-record-wheat-canola-crops/

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