# WASDE adds 3Mt to Australian wheat estimate - Grain Central

> The August USDA WASDE raised its 2022-23 Australian wheat production forecast by 3 million tonnes to 33Mt on better weather and yield prospects. The report also raised Australian and Canadian wheat export forecasts, lifted Russia's crop to a record 88Mt, and cut India and the EU. Global 2022-23 wheat production was put at a record 779.6Mt.

- Date: 2022-08-15 · published 2022-08-15T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/40015-wasde-adds-3mt-to-australian-wheat-estimate-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher exporter supplies from Australia, Russia and Canada weigh on wheat export prices. Cuts in India and the EU partly offset this, but the net effect is bearish.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-02-15 | [ABARES puts Australian wheat crop at record 33.3Mt - Grain Central](https://feedsoft.ai/events/48594-abares-puts-australian-wheat-crop-at-record-33-3mt-grain-central.md) | +9.4% | +9.0% |
| WHEAT | 2025-05-13 | [USDA forecasts Australian new-crop wheat at 31Mt - Grain Central](https://feedsoft.ai/events/24628-usda-forecasts-australian-new-crop-wheat-at-31mt-grain-central.md) | -4.2% | -2.6% |
| WHEAT | 2021-06-08 | [Australia winter wheat crop estimate above average  \| World Grain](https://feedsoft.ai/events/46544-australia-winter-wheat-crop-estimate-above-average-world-grain.md) | +6.1% | -4.4% |
| WHEAT | 2019-01-29 | [Australian crop estimate nudges higher: INTL FCStone - Grain Central](https://feedsoft.ai/events/61046-australian-crop-estimate-nudges-higher-intl-fcstone-grain-central.md) | -0.9% | -5.8% |
| WHEAT | 2021-02-17 | [Australia raises wheat crop estimate to new record \| 2021-02-17  \| World Grain](https://feedsoft.ai/events/48596-australia-raises-wheat-crop-estimate-to-new-record-2021-02-17-world-grain.md) | +0.8% | -0.3% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/wasde-adds-3mt-to-australian-wheat-estimate/

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