# Australia Sees Massive Wheat Crop Boosting Export Earnings - Bloomberg

> Abares forecasts Australia's 2022-23 wheat crop at 32.2 million tons, up 6.3% from its previous outlook but just below last year's record 36.3 million tons. The forecast reflects favorable weather during the growing season.

- Date: 2022-09-05 · published 2022-09-05T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/39535-australia-sees-massive-wheat-crop-boosting-export-earnings-bloomberg
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A large Australian wheat crop adds export supply that tends to pressure world wheat prices, supporting cheaper feed wheat options for buyers.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-09-06 | [Australia Eyes Record Farm Export Earnings From Bumper Wheat Harvests](https://feedsoft.ai/events/39534-australia-eyes-record-farm-export-earnings-from-bumper-wheat-harvests.md) | +0.4% | +6.9% |
| WHEAT | 2026-08-31 | [Australia Raises Wheat Crop Forecast as Export Demand Picks Up \| Stock Market News](https://feedsoft.ai/events/17876-australia-raises-wheat-crop-forecast-as-export-demand-picks-up-stock-market-news.md) | +2.2% | +6.1% |
| WHEAT | 2022-10-25 | [USDA Sees Australian Wheat Crop at 34 Million Tons \| KQLX](https://feedsoft.ai/events/39073-usda-sees-australian-wheat-crop-at-34-million-tons-kqlx.md) | -5.1% | +3.4% |
| WHEAT | 2025-01-24 | [Australia Wheat Industry Sees Record Production Boom](https://feedsoft.ai/events/26461-australia-wheat-industry-sees-record-production-boom.md) | +3.9% | +4.7% |
| WHEAT | 2023-01-30 | [USDA attache sees Australia 2022/23 wheat crop at 37 million tons](https://feedsoft.ai/events/37735-usda-attache-sees-australia-2022-23-wheat-crop-at-37-million-tons.md) | +3.4% | +1.2% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-09-05/australia-expects-massive-wheat-crop-to-bolster-export-earnings

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