# Record crop in spite of downgrades | The Rural | Wagga Wagga, NSW

> Australian receival sites are busy as farmers harvest what is expected to be a record winter crop of 58.4 million tonnes, beating the 2016-17 record. Wheat is seen at a record 34.4 million tonnes and barley at 13.3 million tonnes, with quality damage from rain noted.

- Date: 2021-12-07 · published 2021-12-07T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/43536-record-crop-in-spite-of-downgrades-the-rural-wagga-wagga-nsw
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A record Australian crop with rain-downgraded quality adds feed-grade wheat and barley supply, which can cap feed grain prices in export markets.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-02-15 | [Crop production records obliterated \| The Rural \| Wagga Wagga, NSW](https://feedsoft.ai/events/72464-crop-production-records-obliterated-the-rural-wagga-wagga-nsw.md) | -0.9% | -1.1% |
| WHEAT | 2016-12-07 | [Australia to soar to production records \| The Rural \| Wagga Wagga, NSW](https://feedsoft.ai/events/73467-australia-to-soar-to-production-records-the-rural-wagga-wagga-nsw.md) | +1.1% | +0.2% |
| WHEAT | 2021-02-17 | [Wheat record smashed, second largest crop overall \| The Land \| NSW](https://feedsoft.ai/events/48600-wheat-record-smashed-second-largest-crop-overall-the-land-nsw.md) | +0.8% | -0.3% |
| WHEAT | 2021-02-15 | [Winter harvest near record, summer crop on the improve: ABARES - Grain Central](https://feedsoft.ai/events/48595-winter-harvest-near-record-summer-crop-on-the-improve-abares-grain-central.md) | +9.4% | +9.0% |
| WHEAT | 2022-12-12 | [Wheat prices fall despite a downgrade in the USDA’s global production forecast](https://feedsoft.ai/events/5522-wheat-prices-fall-despite-a-downgrade-in-the-usda-s-global-production-forecast.md) | +10.5% | +5.6% |

## Sources

- therural.com.au: https://www.therural.com.au/story/7542810/record-crop-in-spite-of-downgrades/

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