# Bumper Australian crops unlikely to provide relief at the cash register

> Australian farmers are expected to plant a record 23.83 million hectares this winter, up 1% on last year, according to Rabobank's winter crop outlook. Wheat plantings are up 1.4% and canola is up sharply.

- Date: 2022-05-31 · published 2022-05-31T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/41376-bumper-australian-crops-unlikely-to-provide-relief-at-the-cash-register
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A record Australian planting raises expected export supply, which is bearish for wheat and canola, though the Guardian piece frames it as offering little relief to farm costs.

## Read by commodity

- WHEAT: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-05-31 | [Australia heading for third bumper crop on record plantings - The Business Times](https://feedsoft.ai/events/41379-australia-heading-for-third-bumper-crop-on-record-plantings-the-business-times.md) | -1.4% | -1.3% |
| WHEAT | 2023-01-06 | [Australia set for record wheat crop as harvest wraps up - traders \| The Western Producer](https://feedsoft.ai/events/37740-australia-set-for-record-wheat-crop-as-harvest-wraps-up-traders-the-western.md) | -2.7% | -3.0% |
| WHEAT | 2021-09-08 | [Australia to harvest another bumper wheat crop 08.09.2021 - UkrAgroConsult](https://feedsoft.ai/events/45033-australia-to-harvest-another-bumper-wheat-crop-08-09-2021-ukragroconsult.md) | +2.2% | +5.0% |
| 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 | 2025-03-04 | [Bumper winter crop on tap for Australia \| World Grain](https://feedsoft.ai/events/25543-bumper-winter-crop-on-tap-for-australia-world-grain.md) | +0.1% | +2.8% |

## Sources

- theguardian.com: https://www.theguardian.com/australia-news/2022/jun/01/bumper-australian-crops-unlikely-to-provide-relief-at-the-cash-register

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