# Australia Eyes Record Farm Export Earnings From Bumper Wheat Harvests

> ABARES expects Australian farm export earnings to reach a record A$70.3 billion in 2022-23, about 8% above its June forecast. The agency cited favourable weather and high global prices, and forecast wheat at 32.2 Mt and canola at 6.6 Mt.

- Date: 2022-09-06 · published 2022-09-06T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/39534-australia-eyes-record-farm-export-earnings-from-bumper-wheat-harvests
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

The export outlook reflects larger Australian grain availability, which weighs on wheat and canola prices and supports adequate feed grain supply for importers.

## Read by commodity

- WHEAT: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-06-02 | [Australia set for 3rd year of bumper wheat harvests, easing world supply woes](https://feedsoft.ai/events/40891-australia-set-for-3rd-year-of-bumper-wheat-harvests-easing-world-supply-woes.md) | +0.1% | +0.7% |
| 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 | 2022-09-05 | [Australia Sees Massive Wheat Crop Boosting Export Earnings - Bloomberg](https://feedsoft.ai/events/39535-australia-sees-massive-wheat-crop-boosting-export-earnings-bloomberg.md) | -0.5% | +4.5% |
| WHEAT | 2024-12-06 | [Record-Breaking Australian Winter Harvest](https://feedsoft.ai/events/26919-record-breaking-australian-winter-harvest.md) | +0.7% | +0.4% |
| WHEAT | 2025-11-24 | [Big Australia wheat, barley harvests expected \| World Grain](https://feedsoft.ai/events/21920-big-australia-wheat-barley-harvests-expected-world-grain.md) | +0.9% | -0.0% |

## Sources

- agriculture.com: https://www.agriculture.com/markets/newswire/australia-eyes-record-farm-export-earnings-from-bumper-wheat-harvests

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