# Australian farmers set to harvest largest crop but recent rain has brought pricing pain - ABC News

> ABARES expects Australia to harvest a record 58.4 Mt winter crop, driven by Western Australia and New South Wales. Flooding and rain in eastern states have raised concerns that damaged grain will be downgraded and sold at lower prices. Farmers may miss out on historically high prices.

- Date: 2021-11-29 · published 2021-11-29T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/44018-australian-farmers-set-to-harvest-largest-crop-but-recent-rain-has-brought
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Large supply from Australia adds to global grain availability, while quality downgrades reduce the premium for feed-quality wheat and barley. Net price effect is bearish for feed grains.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2016-12-05 | [Latest Australian crop report reaffirms farmers are set to harvest their biggest wheat crop ever - ABC News](https://feedsoft.ai/events/73443-latest-australian-crop-report-reaffirms-farmers-are-set-to-harvest-their.md) | +4.0% | +3.3% |
| WHEAT | 2021-11-30 | [Australia set to harvest record grain crop \| World Grain](https://feedsoft.ai/events/44019-australia-set-to-harvest-record-grain-crop-world-grain.md) | -1.0% | -3.4% |
| WHEAT | 2020-12-03 | [Second largest harvest on record sees grain prices fall \| Meat & Livestock Australia](https://feedsoft.ai/events/49629-second-largest-harvest-on-record-sees-grain-prices-fall-meat-and-livestock.md) | +9.8% | +9.8% |
| WHEAT | 2025-03-03 | [Australia's 2024-25 grain crop surges to third largest on record \| Farm Online \| ACT](https://feedsoft.ai/events/25541-australia-s-2024-25-grain-crop-surges-to-third-largest-on-record-farm-online-act.md) | -3.4% | +0.5% |
| WHEAT | 2025-10-20 | [Another robust harvest ahead, but prices fail to keep pace – Rabobank 2025/26 Australian winter crop forecast](https://feedsoft.ai/events/22350-another-robust-harvest-ahead-but-prices-fail-to-keep-pace-rabobank-2025-26.md) | +0.7% | -2.8% |

## Sources

- abc.net.au: https://www.abc.net.au/news/rural/2021-11-30/farmers-set-to-harvest-biggest-winter-crop/100657870

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