# Australia sets new national crop record  | Farm Online | ACT

> ABARES made a substantial upward revision to its final 2022-23 crop report, putting Australia's winter crop at 67.3 million tonnes, a record. Wheat at 39.2Mt and canola at 8.3Mt both hit record levels, while barley was the third-largest on record at 14.1Mt.

- Date: 2023-03-07 · published 2023-03-07T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/36803-australia-sets-new-national-crop-record-farm-online-act
- 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

The upward revision confirms a large Australian export supply of wheat, barley and canola, which pressures world feed grain and oilseed meal prices. Buyers should expect competitive Australian origin pricing.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2016-12-06 | [Australia to soar to production records \| Farm Online \| ACT](https://feedsoft.ai/events/73466-australia-to-soar-to-production-records-farm-online-act.md) | +1.2% | -0.3% |
| WHEAT | 2025-03-03 | [Australia's 2024-25 grain crop surges to third largest on record \| Farm Online \| ACT](https://feedsoft.ai/events/25541-australia-s-2024-25-grain-crop-surges-to-third-largest-on-record-farm-online-act.md) | -3.4% | +0.5% |
| WHEAT | 2024-08-22 | [USDA forecasts Australia's wheat crop to be up year on year \| Farm Online \| ACT](https://feedsoft.ai/events/28737-usda-forecasts-australia-s-wheat-crop-to-be-up-year-on-year-farm-online-act.md) | -0.8% | +2.8% |
| WHEAT | 2024-09-07 | [Australian winter crop set for 55m tonne boost says ABARES \| Farm Online \| ACT](https://feedsoft.ai/events/28281-australian-winter-crop-set-for-55m-tonne-boost-says-abares-farm-online-act.md) | +1.5% | +11.0% |
| WHEAT | 2025-09-05 | [Australian winter crop surges to 62m tonnes, over 6m tonnes added \| Farm Online \| ACT](https://feedsoft.ai/events/22826-australian-winter-crop-surges-to-62m-tonnes-over-6m-tonnes-added-farm-online-act.md) | -1.0% | -1.4% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/8111247/west-south-carries-australia-to-winter-crop-record/

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