# Record crop still on track - The Guardian

> Victorian winter crop production is forecast to reach a record 10.7 million tonnes for 2022-23, up 15 percent, despite flood losses following record October rain. ABARES puts Victorian wheat at 5.37 million tonnes and barley at 2.9 million tonnes, with the full extent of losses still uncertain.

- Date: 2023-01-06 · published 2023-01-06T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/37739-record-crop-still-on-track-the-guardian
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Strong Victorian output adds regional grain supply, mildly bearish for wheat and barley, though flood-related losses leave downside risk to the forecast.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-07-20 | [Record-busting crops are on the cards \| The Land \| NSW](https://feedsoft.ai/events/46018-record-busting-crops-are-on-the-cards-the-land-nsw.md) | -1.2% | +1.7% |
| WHEAT | 2020-10-13 | [Crop set to be one of the biggest on record as headers start to roll \| Farm Online \| ACT](https://feedsoft.ai/events/50602-crop-set-to-be-one-of-the-biggest-on-record-as-headers-start-to-roll-farm.md) | +1.8% | -0.1% |
| WHEAT | 2017-01-12 | [NSW winter crop set to break the record - ABC News](https://feedsoft.ai/events/72954-nsw-winter-crop-set-to-break-the-record-abc-news.md) | +0.9% | +5.3% |
| WHEAT | 2020-12-03 | [Australia to Harvest Second Biggest Wheat Crop on Record \| Feed & Grain](https://feedsoft.ai/events/49623-australia-to-harvest-second-biggest-wheat-crop-on-record-feed-and-grain.md) | +9.8% | +9.8% |
| WHEAT | 2016-11-01 | [Near record crop beckons \| Farm Online \| ACT](https://feedsoft.ai/events/73815-near-record-crop-beckons-farm-online-act.md) | +0.2% | -3.5% |

## Sources

- theguardian.com.au: https://theguardian.com.au/farming-and-environment/2023/01/06/record-crop-still-on-track/

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