# Australia's big crop yield weighs on price returns | Queensland Country Life | QLD

> Grain markets began 2022 softer after US wheat futures fell 5 percent in the last week of 2021 on profit taking. Australian wheat futures dropped to A$364 a tonne as record-large Australian and Argentine crops were expected.

- Date: 2022-01-07 · published 2022-01-07T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/43094-australia-s-big-crop-yield-weighs-on-price-returns-queensland-country-life-qld
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Expectations of record Australian and Argentine wheat crops point to heavier export competition and lower feed wheat prices.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- queenslandcountrylife.com.au: https://www.queenslandcountrylife.com.au/story/7568726/australias-big-crop-yield-weighs-on-price-returns/

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