# From Milling to Feed – the Downgraded Australian Wheat Crop

> Basis Commodities says the Australian wheat crop has been downgraded after heavy rain and flooding on the east coast, which caused crop losses and quality downgrades. ABARES's December report still forecast a record 58.4 million tonne winter crop, including 34.4 million tonnes of wheat.

- Date: 2021-12-22 · published 2021-12-22T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/43537-from-milling-to-feed-the-downgraded-australian-wheat-crop
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

More wheat is shifting from milling to feed grade, adding feed supply and offsetting some of the tightness in global milling wheat balance sheets.

## Read by commodity

- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-05-19 | [Australian winter crop around 70pc planted - Grain Central](https://feedsoft.ai/events/47054-australian-winter-crop-around-70pc-planted-grain-central.md) | -2.8% | +2.2% |
| WHEAT | 2018-06-01 | [Dry weather may curb promising EU wheat crop](https://feedsoft.ai/events/64473-dry-weather-may-curb-promising-eu-wheat-crop.md) | +0.3% | -2.1% |
| WHEAT | 2024-03-06 | [Setting the Stage for the 2024/25 World Wheat Crop - U.S. Wheat Associates](https://feedsoft.ai/events/31124-setting-the-stage-for-the-2024-25-world-wheat-crop-u-s-wheat-associates.md) | -7.7% | -7.7% |
| WHEAT | 2024-04-10 | [Winter-crop plant off to patchy start across Australia - Grain Central](https://feedsoft.ai/events/30668-winter-crop-plant-off-to-patchy-start-across-australia-grain-central.md) | -0.4% | -0.3% |
| WHEAT | 2023-07-28 | [French 2023 soft wheat crop pegged at 34.8mn t](https://feedsoft.ai/events/34977-french-2023-soft-wheat-crop-pegged-at-34-8mn-t.md) | -0.1% | -2.1% |

## Sources

- basiscommodities.com: https://www.basiscommodities.com/from-milling-to-feed-the-downgraded-australian-wheat-crop

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