# ABARES scales up Australia's 2021-22 wheat export view, FOB prices peak

> ABARES raised its 2021-22 Australian wheat export forecast to 24.5 million tonnes from 23 million, up 3% on the year. APW wheat export prices reached a record high of US$372.50 per tonne.

- Date: 2021-12-07 · published 2021-12-07T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/43534-abares-scales-up-australia-s-2021-22-wheat-export-view-fob-prices-peak
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A larger export forecast adds supply to world wheat markets, but record FOB prices indicate the export price peak may be near, which matters for feed-wheat costs.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-02-15 | [Australian 2020-21 wheat harvest more formidable than expected: ABARES](https://feedsoft.ai/events/48599-australian-2020-21-wheat-harvest-more-formidable-than-expected-abares.md) | +9.4% | +9.0% |
| WHEAT | 2026-08-31 | [Australia Raises Wheat Crop Forecast as Export Demand Picks Up \| Stock Market News](https://feedsoft.ai/events/17876-australia-raises-wheat-crop-forecast-as-export-demand-picks-up-stock-market-news.md) | +2.2% | +6.1% |
| WHEAT | 2026-03-03 | [ABARES experts again raise Australia's wheat, barley and rapeseed crop forecasts](https://feedsoft.ai/events/20128-abares-experts-again-raise-australia-s-wheat-barley-and-rapeseed-crop-forecasts.md) | +1.8% | +1.3% |
| WHEAT | 2021-06-11 | [Strategie Grains raises EU 2021/22 wheat crop, export forecasts - UkrAgroConsult](https://feedsoft.ai/events/46522-strategie-grains-raises-eu-2021-22-wheat-crop-export-forecasts-ukragroconsult.md) | +5.0% | -5.4% |
| WHEAT | 2022-09-05 | [Australia Sees Massive Wheat Crop Boosting Export Earnings - Bloomberg](https://feedsoft.ai/events/39535-australia-sees-massive-wheat-crop-boosting-export-earnings-bloomberg.md) | -0.5% | +4.5% |

## Sources

- spglobal.com: https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/agriculture/120721-abares-scales-up-australias-2021-22-wheat-export-view-fob-prices-peak

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