# Australian wheat, canola getting a boost | World Grain

> ABARES's June report points to a bumper Australian winter crop of 50.9Mt for 2022-23, with wheat forecast at 30.3Mt and canola at 5.6Mt. Favourable weather and high global prices are driving the increase in output and plantings.

- Date: 2022-06-08 · published 2022-06-08T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/40886-australian-wheat-canola-getting-a-boost-world-grain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Higher Australian wheat and canola supply lowers export competition gaps for importers and softens prices for wheat and canola-based feed ingredients.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-01-22 | [Australia anticipating large barley, wheat crops \| World Grain](https://feedsoft.ai/events/21018-australia-anticipating-large-barley-wheat-crops-world-grain.md) | +3.9% | +5.2% |
| WHEAT | 2026-07-28 | [Australian wheat output revised higher \| World Grain](https://feedsoft.ai/events/18304-australian-wheat-output-revised-higher-world-grain.md) | -1.0% | +2.3% |
| WHEAT | 2021-01-27 | [Australia to harvest bumper wheat crop \| 2021-01-27  \| World Grain](https://feedsoft.ai/events/49105-australia-to-harvest-bumper-wheat-crop-2021-01-27-world-grain.md) | -10.0% | -0.5% |
| WHEAT | 2025-11-24 | [Big Australia wheat, barley harvests expected \| World Grain](https://feedsoft.ai/events/21920-big-australia-wheat-barley-harvests-expected-world-grain.md) | +0.9% | -0.0% |
| WHEAT | 2023-01-30 | [Australia grain harvest running to record \| World Grain](https://feedsoft.ai/events/37734-australia-grain-harvest-running-to-record-world-grain.md) | +3.4% | +1.2% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/17012-australian-wheat-canola-getting-a-boost

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