USDA attache sees Australia 2022/23 wheat crop at 37 million tons

After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.

• Oct 25, 2022USDA Sees Australian Wheat Crop at 34 Million Tons | KQLX-5.1%
• Feb 6, 2025Australia harvested 2 million tons of wheat more than forecast in 2024/25 MY-0.7%
• Dec 6, 2022Australia's MY 2022-23 wheat output forecast at record 36.6 mil mt+9.9%
• Aug 22, 2024USDA forecasts Australia's wheat crop to be up year on year | Farm Online | ACT-0.8%
• May 13, 2025USDA forecasts Australian new-crop wheat at 31Mt - Grain Central-4.2%

Not enough comparable past events yet for a historical read.

After 88 past bullish report events, Rough Rice moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +2.1%), and +2.5% over 20.

• Dec 6, 2022Australia forecasts record wheat crop despite floods-1.9%
• Jul 1, 2026Australia: Grain and Feed Update | USDA Foreign Agricultural Service+2.1%
• Oct 23, 2024Australia: Grain and Feed Update | USDA Foreign Agricultural Service-1.2%
• Mar 31, 2025USDA reports mixed grain stocks, with wheat up and corn down-3.3%
• Apr 14, 2020COVID-19 lifts prices despite big wheat stocks: USDA - Grain Central+1.6%