# Records all round for Australian growers - Mecardo

> Mecardo's market analysis says ABARES data shows records for Australian wheat, barley and canola, with wheat at 36.346 Mt, up 9% on 2020-21. Western Australia drove the gains, while East Coast production was not a record despite upward revisions.

- Date: 2022-03-23 · published 2022-03-23T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/42230-records-all-round-for-australian-growers-mecardo
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Australia has produced a large surplus of wheat over recent years, providing export supply that eases pressure from the Black Sea disruption. This keeps wheat and barley prices under pressure relative to a tighter market.

## Read by commodity

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

## Sources

- mecardo.com.au: https://mecardo.com.au/records-all-round-for-australian-growers/

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