# Winter crop production expected to be above average with high global prices - Australasian Farmers' & Dealers' Journal

> Rural Bank's mid-year outlook estimates Australian wheat production at 30.5 million tonnes, down 21% year on year but 17% above average. USDA forecasts global wheat output down 1% with world carryout falling 5% to a six-year low. Canadian barley recovery is expected to lift USDA's barley estimate by 3%.

- Date: 2022-07-06 · published 2022-07-06T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/40443-winter-crop-production-expected-to-be-above-average-with-high-global-prices
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Global wheat carryout falling to a six-year low signals tighter supplies, supporting wheat and barley prices and feed grain costs.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-10-17 | [Winter crop harvest expected near five year average with price benefits - Australasian Farmers' & Dealers' Journal](https://feedsoft.ai/events/33574-winter-crop-harvest-expected-near-five-year-average-with-price-benefits.md) | -1.9% | -3.8% |
| WHEAT | 2021-10-24 | [Winter crop harvest for season 2021/22 on alert for a record result - Australasian Farmers' & Dealers' Journal](https://feedsoft.ai/events/44505-winter-crop-harvest-for-season-2021-22-on-alert-for-a-record-result.md) | +0.5% | +8.7% |
| WHEAT | 2026-06-05 | [Australia's winter crop production forecast to be down 21 per cent](https://feedsoft.ai/events/18772-australia-s-winter-crop-production-forecast-to-be-down-21-per-cent.md) | -0.4% | +1.5% |
| WHEAT | 2023-09-12 | [Wheat prices strengthened by lower global production - Farmers Weekly](https://feedsoft.ai/events/34146-wheat-prices-strengthened-by-lower-global-production-farmers-weekly.md) | +0.9% | -1.2% |
| WHEAT | 2021-05-03 | [Australian grain production falls to average levels  \| World Grain](https://feedsoft.ai/events/47057-australian-grain-production-falls-to-average-levels-world-grain.md) | -5.4% | -5.4% |

## Sources

- afdj.com.au: https://afdj.com.au/winter-crop-production-expected-to-be-above-average-with-high-global-prices/

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