# ABARES lifts forecasts for all major crops - Grain Central

> ABARES raised its forecasts for Australia's sorghum crop to 2.6 Mt, wheat to 36.3 Mt, canola to 6.4 Mt and barley to a record 13.7 Mt. The March crop report also described summer-crop prospects as excellent after favourable rainfall in Queensland and northern New South Wales.

- Date: 2022-02-28 · published 2022-02-28T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/42659-abares-lifts-forecasts-for-all-major-crops-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Larger Australian grain and oilseed supplies add export competition for wheat, barley and sorghum buyers, which is mildly bearish for world prices during a period of tight supply.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-09-01 | [ABARES lifts production estimates for major crops - Grain Central](https://feedsoft.ai/events/22821-abares-lifts-production-estimates-for-major-crops-grain-central.md) | -0.6% | -1.2% |
| WHEAT | 2025-12-01 | [ABARES lifts forecasts for canola, wheat, barley - Grain Central](https://feedsoft.ai/events/21468-abares-lifts-forecasts-for-canola-wheat-barley-grain-central.md) | +1.9% | +0.7% |
| WHEAT | 2025-03-03 | [ABARES lifts forecasts for wheat, barley, canola - Grain Central](https://feedsoft.ai/events/25537-abares-lifts-forecasts-for-wheat-barley-canola-grain-central.md) | -3.4% | +0.5% |
| WHEAT | 2022-12-05 | [ABARES forecasts record wheat, canola crops - Grain Central](https://feedsoft.ai/events/38213-abares-forecasts-record-wheat-canola-crops-grain-central.md) | -9.5% | -0.8% |
| WHEAT | 2022-03-02 | [ABARES lifts forecasts for all major crops 02.03.2022 - UkrAgroConsult](https://feedsoft.ai/events/42225-abares-lifts-forecasts-for-all-major-crops-02-03-2022-ukragroconsult.md) | +6.9% | +20.3% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/abares-lifts-forecasts-for-all-major-crops/

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