# Commodities 2023: Australia's record wheat crop to dominate Asia demand in H1

> S&P Global expects Australia's record wheat crop to dominate short-term Asian demand in the first half of 2023. It notes that supplies from Argentina and Ukraine are uncertain and that quality concerns and logistics could limit Australian exports.

- Date: 2022-12-19 · published 2022-12-19T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/38164-commodities-2023-australia-s-record-wheat-crop-to-dominate-asia-demand-in-h1
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A large Australian harvest adds competing supply for Asian buyers, which tends to pressure wheat prices, while feed wheat's price spread to corn may encourage substitution.

## Read by commodity

- CORN: neutral
- WHEAT: bearish ▼
- BARLEY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-02-17 | [Australia raises wheat crop estimate to new record \| 2021-02-17  \| World Grain](https://feedsoft.ai/events/48596-australia-raises-wheat-crop-estimate-to-new-record-2021-02-17-world-grain.md) | +0.8% | -0.3% |
| WHEAT | 2022-12-06 | [Australia forecasts record wheat crop despite floods](https://feedsoft.ai/events/38219-australia-forecasts-record-wheat-crop-despite-floods.md) | +9.9% | +9.2% |
| 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 | 2021-02-15 | [ABARES puts Australian wheat crop at record 33.3Mt - Grain Central](https://feedsoft.ai/events/48594-abares-puts-australian-wheat-crop-at-record-33-3mt-grain-central.md) | +9.4% | +9.0% |
| 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% |
| CORN | 2021-07-15 | [Commodity crop prices hinge on drought, ethanol demand \| Feed Strategy](https://feedsoft.ai/events/46170-commodity-crop-prices-hinge-on-drought-ethanol-demand-feed-strategy.md) | -10.3% | -12.8% |
| CORN | 2026-09-02 | [Egg demand remains strong in August 2026](https://feedsoft.ai/events/17477-egg-demand-remains-strong-in-august-2026.md) | -1.0% | +3.2% |
| CORN | 2022-04-14 | [Aquafeed.com \|
   

   
    Soy prices rise, U.S. to plant record crops](https://feedsoft.ai/events/41879-aquafeed-com-soy-prices-rise-u-s-to-plant-record-crops.md) | +3.1% | +1.9% |

## Sources

- spglobal.com: https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/agriculture/121922-australias-record-wheat-crop-to-dominate-asia-demand-in-h1-2023

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