# A massive crop update - Mecardo

> Mecardo's analysis of the March ABARES report notes Australian wheat rose 2.6Mt to 39.19Mt, with NSW production lifted over 1Mt. Barley reached 14.1Mt on record yields and canola hit a record 8.2Mt.

- Date: 2023-03-14 · published 2023-03-14T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/36804-a-massive-crop-update-mecardo
- 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

Continued upward revisions point to a large Australian export pool through 2023, supporting bearish pressure on wheat and barley export values. Buyers can anticipate ample origin supply.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-09-08 | [A good bump in winter crop production - Mecardo](https://feedsoft.ai/events/17453-a-good-bump-in-winter-crop-production-mecardo.md) | -0.6% | -1.2% |
| WHEAT | 2022-12-07 | [ABARES crop report forecasts record production - Mecardo](https://feedsoft.ai/events/38217-abares-crop-report-forecasts-record-production-mecardo.md) | +10.0% | +8.7% |
| WHEAT | 2020-01-06 | [Case study: EU28 feed crop update - Food & Agribusiness](https://feedsoft.ai/events/55006-case-study-eu28-feed-crop-update-food-and-agribusiness.md) | +1.7% | -2.7% |
| WHEAT | 2026-03-10 | [Soft finish delivers larger than expected crop - Mecardo](https://feedsoft.ai/events/20129-soft-finish-delivers-larger-than-expected-crop-mecardo.md) | -1.3% | -1.1% |
| WHEAT | 2019-11-27 | [EU-28: Crop Update \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/55995-eu-28-crop-update-usda-foreign-agricultural-service.md) | -0.1% | -1.6% |

## Sources

- mecardo.com.au: https://mecardo.com.au/a-massive-crop-update/

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