# International data signals strong demand | Farm Online | ACT

> A Clear Grain Exchange commentary reviewed the ABARES December report and the USDA WASDE. It noted ABARES' 62.025 million tonne winter crop, and that USDA adopted Australian production figures and cut Argentine output while raising Russian output. Projected major-exporter wheat ending stocks were about 53 million tonnes, down 5 million year on year.

- Date: 2022-12-16 · published 2022-12-16T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/38218-international-data-signals-strong-demand-farm-online-act
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tighter projected exporter stocks support wheat prices even with a record Australian crop, so the net effect depends on whether Russian supply gains are realised.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-01-26 | [Wheat analysts struggle to get handle on international market  \| Farm Online \| ACT](https://feedsoft.ai/events/67032-wheat-analysts-struggle-to-get-handle-on-international-market-farm-online-act.md) | +0.6% | +2.3% |
| WHEAT | 2019-09-10 | [Winter crop down but still above last year \| Farm Online \| ACT](https://feedsoft.ai/events/57043-winter-crop-down-but-still-above-last-year-farm-online-act.md) | +2.6% | +1.0% |
| WHEAT | 2018-08-13 | [No surprises in USDA report \| Farm Online \| ACT](https://feedsoft.ai/events/63483-no-surprises-in-usda-report-farm-online-act.md) | -1.8% | +3.1% |
| WHEAT | 2019-02-20 | [ABARES reports the winter crop is the lowest in over a decade  \| Farm Online \| ACT](https://feedsoft.ai/events/60578-abares-reports-the-winter-crop-is-the-lowest-in-over-a-decade-farm-online-act.md) | -3.5% | +0.0% |
| WHEAT | 2019-07-15 | [Global crop estimates down \| Farm Online \| ACT](https://feedsoft.ai/events/58041-global-crop-estimates-down-farm-online-act.md) | -0.5% | -3.1% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/8017654/strong-demand-for-grain/

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