# Australia's MY 2022-23 wheat output forecast at record 36.6 mil mt

> S&P Global reported that ABARES raised its 2022-23 Australian wheat forecast to a record 36.6 million tonnes from 32.2 million. Western Australia output was lifted to 13 million tonnes, while New South Wales was cut to 9.1 million tonnes. Australian Prime Hard and standard white wheat prices fell about 7% and 10% respectively over the month.

- Date: 2022-12-06 · published 2022-12-06T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/38214-australia-s-my-2022-23-wheat-output-forecast-at-record-36-6-mil-mt
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher Australian supply and lower Australian wheat export prices point to softer global wheat values, while quality concerns in New South Wales could tighten premium milling supply.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-03-04 | [Australia’s 2019-20 wheat output forecast higher \| 2019-03-04  \| World Grain](https://feedsoft.ai/events/60036-australia-s-2019-20-wheat-output-forecast-higher-2019-03-04-world-grain.md) | +0.7% | +5.2% |
| WHEAT | 2025-10-20 | [Australia’s wheat harvest forecast raised to near-record level](https://feedsoft.ai/events/22354-australia-s-wheat-harvest-forecast-raised-to-near-record-level.md) | +0.7% | -2.8% |
| 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 | 2021-09-07 | [Australia lifts wheat forecast - Markets - Business Recorder](https://feedsoft.ai/events/45030-australia-lifts-wheat-forecast-markets-business-recorder.md) | +1.8% | +5.2% |
| WHEAT | 2025-01-24 | [Solid grain output forecast for Australia \| World Grain](https://feedsoft.ai/events/26457-solid-grain-output-forecast-for-australia-world-grain.md) | +3.9% | +4.7% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/120622-australias-my-2022-23-wheat-output-forecast-at-record-366-mil-mt

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