# Record winter crop production expected for Australia - AgCanada

> ABARES raised its estimate of Australia's 2022-23 winter crop to 67.6 million tonnes, a record, up 8.4% from December. Record wheat (39.19Mt) and canola (8.27Mt) harvests drove the increase, offsetting flood losses in Queensland and New South Wales.

- Date: 2023-03-06 · published 2023-03-06T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/36802-record-winter-crop-production-expected-for-australia-agcanada
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A record Australian winter crop adds substantial exportable wheat, barley and canola supply, which is bearish for global wheat and canola meal prices. Feed buyers may see softer offers from Australia during the coming export season.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-11-29 | [Record year for Australian winter crop production: ABARES - Grain Central](https://feedsoft.ai/events/44017-record-year-for-australian-winter-crop-production-abares-grain-central.md) | -1.1% | -3.5% |
| WHEAT | 2020-06-10 | [Australia winter crop production expected to increase \| 2020-06-10  \| World Grain](https://feedsoft.ai/events/52590-australia-winter-crop-production-expected-to-increase-2020-06-10-world-grain.md) | -1.1% | -5.3% |
| WHEAT | 2026-09-01 | [Australia’s winter crop production revised up \| World Grain](https://feedsoft.ai/events/17449-australia-s-winter-crop-production-revised-up-world-grain.md) | +1.0% | +2.6% |
| WHEAT | 2021-09-07 | [ABARES forecasts record winter crop production - Beef Central](https://feedsoft.ai/events/45029-abares-forecasts-record-winter-crop-production-beef-central.md) | +1.8% | +5.2% |
| WHEAT | 2026-03-02 | [Australia’s winter crop production revised higher \| World Grain](https://feedsoft.ai/events/20123-australia-s-winter-crop-production-revised-higher-world-grain.md) | +1.6% | +0.1% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/record-winter-crop-production-expected-for-australia

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