# Third straight bumper crop expected in Australia | World Grain

> IKON Commodities projects a third consecutive bumper Australian grain crop in 2022-23, with total grains above 55 million tonnes. Its wheat forecast is 35.7 million tonnes, with barley at 12.54 million tonnes and canola at 6.71 million tonnes. Flooding prevented some planting in Queensland and New South Wales, but above-average soil moisture is widespread on the east coast.

- Date: 2022-08-29 · published 2022-08-29T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/40014-third-straight-bumper-crop-expected-in-australia-world-grain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A large Australian harvest adds to global wheat and barley supply, which weighs on export prices. Wheat and barley supply is tight elsewhere, which limits how far prices can fall.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-08-10 | [Australia expecting another large harvest  \| World Grain](https://feedsoft.ai/events/45533-australia-expecting-another-large-harvest-world-grain.md) | +3.4% | +5.1% |
| WHEAT | 2020-12-21 | [Grain harvest exceeds expectations in Australia \| QLD](https://feedsoft.ai/events/49625-grain-harvest-exceeds-expectations-in-australia-qld.md) | +0.4% | +8.0% |
| WHEAT | 2020-12-03 | [Australia to Harvest Second Biggest Wheat Crop on Record \| Feed & Grain](https://feedsoft.ai/events/49623-australia-to-harvest-second-biggest-wheat-crop-on-record-feed-and-grain.md) | +9.8% | +9.8% |
| WHEAT | 2020-05-05 | [Looking around the grounds at Australia's winter crop prospects \| NSW](https://feedsoft.ai/events/53072-looking-around-the-grounds-at-australia-s-winter-crop-prospects-nsw.md) | -1.7% | -1.0% |
| WHEAT | 2018-01-30 | [Late season rain helps Australian wheat crop \| World-grain.com \| January 30, 2018 19:43 \| World Grain](https://feedsoft.ai/events/66943-late-season-rain-helps-australian-wheat-crop-world-grain-com-january-30-2018-19.md) | +2.0% | +2.0% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/17389-third-straight-bumper-crop-expected-in-australia

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