# Australia grain harvest running to record | World Grain

> Australia is on track for a third consecutive record grain crop, with wheat estimated at a record 37 million tonnes for 2022-23 according to a USDA GAIN report. Excess rain in New South Wales and Victoria has downgraded quality and raised expected feed-grade wheat volumes. Wheat exports are forecast at a record 28 million tonnes.

- Date: 2023-01-30 · published 2023-01-30T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/37734-australia-grain-harvest-running-to-record-world-grain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A record Australian wheat crop and export volume adds supply to a market already well supplied by Black Sea output, which is bearish for wheat prices and pressures feed-grade wheat values for buyers.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-11-30 | [Australia set to harvest record grain crop \| World Grain](https://feedsoft.ai/events/44019-australia-set-to-harvest-record-grain-crop-world-grain.md) | -1.0% | -3.4% |
| WHEAT | 2022-12-08 | [Australia Set for Record Grain Harvest Despite Weather](https://feedsoft.ai/events/38220-australia-set-for-record-grain-harvest-despite-weather.md) | +9.5% | +8.2% |
| WHEAT | 2021-01-27 | [Australia to harvest bumper wheat crop \| 2021-01-27  \| World Grain](https://feedsoft.ai/events/49105-australia-to-harvest-bumper-wheat-crop-2021-01-27-world-grain.md) | -10.0% | -0.5% |
| WHEAT | 2024-12-06 | [Record-Breaking Australian Winter Harvest](https://feedsoft.ai/events/26919-record-breaking-australian-winter-harvest.md) | +0.7% | +0.4% |
| WHEAT | 2022-03-01 | [Australia record grain crop revised even higher \| World Grain](https://feedsoft.ai/events/42224-australia-record-grain-crop-revised-even-higher-world-grain.md) | +10.5% | +22.7% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/18040-australia-grain-harvest-running-to-record

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