# Growth tipped in lupins and field peas says ANZ agri commodity report | Farm Weekly | WA

> ANZ's agri commodity report forecasts Australia's 2022/23 winter plantings down about 2%, with wheat area falling about 700,000 hectares to 12.3 million. Canola is forecast up 100,000 hectares, while lupins and field peas could rise about 30% to nearly 900,000 hectares.

- Date: 2022-05-07 · published 2022-05-07T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/41378-growth-tipped-in-lupins-and-field-peas-says-anz-agri-commodity-report-farm
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Lower wheat area is mildly supportive for wheat prices, while rising canola and pulse acreage adds supply of oilseed meal and pulse feed ingredients.

## Read by commodity

- WHEAT: bullish ▲
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-04-10 | [FAS Report: "The Ukraine Conflict and Other Factors Contributing to High Commodity Prices and Food Insecurity" - Farm Policy News](https://feedsoft.ai/events/14942-fas-report-the-ukraine-conflict-and-other-factors-contributing-to-high.md) | -2.4% | +3.1% |
| WHEAT | 2021-11-13 | [GRAIN  PRICE WEEKLY REPORT](https://feedsoft.ai/events/7052-grain-price-weekly-report.md) | +0.6% | -6.5% |
| WHEAT | 2018-07-27 | [World grain harvest reduced in latest stats - Farmers Weekly](https://feedsoft.ai/events/64070-world-grain-harvest-reduced-in-latest-stats-farmers-weekly.md) | -1.3% | -1.6% |
| WHEAT | 2016-12-08 | [WEEKLY EXPORT REPORT: Corn, soybean, wheat sales increase](https://feedsoft.ai/events/73338-weekly-export-report-corn-soybean-wheat-sales-increase.md) | +0.9% | +0.6% |
| WHEAT | 2021-09-02 | [Global food commodity prices rebound in August](https://feedsoft.ai/events/9829-global-food-commodity-prices-rebound-in-august.md) | +1.3% | +1.1% |

## Sources

- farmweekly.com.au: https://www.farmweekly.com.au/story/7725468/strong-growth-for-pulse-hectares/

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