# ABARES lifts forecasts for wheat, barley, canola 30.11.2021 - UkrAgroConsult

> ABARES raised its forecasts for Australia's wheat, barley and canola crops in its December 2021 Crop Report. Wheat is now forecast at a record 34.4 million tonnes, up 5.5% from September, and barley at 13.3 Mt, up 6.5%. Canola rose to 5.7 Mt, up 13.8%.

- Date: 2021-11-30 · published 2021-11-30T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/44016-abares-lifts-forecasts-for-wheat-barley-canola-30-11-2021-ukragroconsult
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A larger Australian wheat and barley supply adds export competition and tends to weigh on world prices for feed grains. The upgrade is driven by strong yields in New South Wales and Victoria.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-12-01 | [ABARES lifts forecasts for canola, wheat, barley - Grain Central](https://feedsoft.ai/events/21468-abares-lifts-forecasts-for-canola-wheat-barley-grain-central.md) | +1.9% | +0.7% |
| WHEAT | 2025-03-03 | [ABARES lifts forecasts for wheat, barley, canola - Grain Central](https://feedsoft.ai/events/25537-abares-lifts-forecasts-for-wheat-barley-canola-grain-central.md) | -3.4% | +0.5% |
| WHEAT | 2022-03-02 | [ABARES lifts forecasts for all major crops 02.03.2022 - UkrAgroConsult](https://feedsoft.ai/events/42225-abares-lifts-forecasts-for-all-major-crops-02-03-2022-ukragroconsult.md) | +6.9% | +20.3% |
| WHEAT | 2020-11-30 | [ABARES lifts national wheat, barley, canola forecasts - Grain Central](https://feedsoft.ai/events/50128-abares-lifts-national-wheat-barley-canola-forecasts-grain-central.md) | -0.9% | +8.3% |
| WHEAT | 2020-09-07 | [ABARES lifts national wheat, barley, canola forecasts - Grain Central](https://feedsoft.ai/events/51080-abares-lifts-national-wheat-barley-canola-forecasts-grain-central.md) | +10.0% | +16.8% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/abares-lifts-forecasts-for-wheat-barley-canola/

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