# Record harvest may be even bigger than first thought | Farm Online | ACT

> IKON Commodities estimated Australia's 2021-22 winter grain crop at 39.04 Mt, about 13 per cent above ABARES' November figure of 58.4 Mt total. IKON's higher wheat receivals in Queensland and Western Australia drove the upgrade.

- Date: 2022-02-16 · published 2022-02-16T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/42663-record-harvest-may-be-even-bigger-than-first-thought-farm-online-act
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A larger private crop estimate suggests more Australian wheat and barley for export, which is mildly bearish for feed-grain prices if the upgrade is confirmed.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-03-02 | [ABARES confirms first crop ever above 60 million tonnes \| Farm Online \| ACT](https://feedsoft.ai/events/42227-abares-confirms-first-crop-ever-above-60-million-tonnes-farm-online-act.md) | +6.9% | +20.3% |
| WHEAT | 2025-03-03 | [Australia's 2024-25 grain crop surges to third largest on record \| Farm Online \| ACT](https://feedsoft.ai/events/25541-australia-s-2024-25-grain-crop-surges-to-third-largest-on-record-farm-online-act.md) | -3.4% | +0.5% |
| WHEAT | 2016-12-06 | [Australia to soar to production records \| Farm Online \| ACT](https://feedsoft.ai/events/73466-australia-to-soar-to-production-records-farm-online-act.md) | +1.2% | -0.3% |
| WHEAT | 2023-03-07 | [Australia sets new national crop record  \| Farm Online \| ACT](https://feedsoft.ai/events/36803-australia-sets-new-national-crop-record-farm-online-act.md) | -1.2% | -4.5% |
| WHEAT | 2022-10-19 | [On track for near-record harvest - The Guardian](https://feedsoft.ai/events/39071-on-track-for-near-record-harvest-the-guardian.md) | -0.5% | +2.1% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/7623127/record-harvest-may-be-even-bigger-than-first-thought/

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