# Production forecasts on the rise - Mecardo

> ABARES' September crop report lifted Australian wheat yields 7% to 2.47 t/ha and barley yields 11% to 2.92 t/ha. Wheat production is forecast at 32.23 Mt and barley at 12.25 Mt, while canola yields rose 13%.

- Date: 2022-09-13 · published 2022-09-13T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/39539-production-forecasts-on-the-rise-mecardo
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Higher yield expectations in Australia add to global grain supply, adding modest downward pressure on wheat, barley and canola prices.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-12-07 | [ABARES crop report forecasts record production - Mecardo](https://feedsoft.ai/events/38217-abares-crop-report-forecasts-record-production-mecardo.md) | +10.0% | +8.7% |
| WHEAT | 2024-09-03 | [Australia raises wheat production forecast by 2.7 mln tons](https://feedsoft.ai/events/28282-australia-raises-wheat-production-forecast-by-2-7-mln-tons.md) | +1.6% | +11.6% |
| WHEAT | 2017-09-13 | [France raises again its forecast for soft wheat production](https://feedsoft.ai/events/68911-france-raises-again-its-forecast-for-soft-wheat-production.md) | +0.7% | +4.1% |
| WHEAT | 2021-09-08 | [ABARES makes massive increase in production forecast \| Farm Online \| ACT](https://feedsoft.ai/events/45028-abares-makes-massive-increase-in-production-forecast-farm-online-act.md) | +2.2% | +5.0% |
| WHEAT | 2024-12-03 | [Australia raises wheat production forecast by 60,000 tons](https://feedsoft.ai/events/26917-australia-raises-wheat-production-forecast-by-60-000-tons.md) | +1.1% | +2.7% |

## Sources

- mecardo.com.au: https://mecardo.com.au/production-forecasts-on-the-rise/

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