# Australia's Bumper Winter Crop Harvest — Merricks Capital

> ABARES has forecast Australia's winter crop at 54.8 million tonnes, 32% above the 10-year average. Canola plantings rose 25% year on year, and canola prices have reached record levels of about A$1,000 per tonne because of drought-reduced Canadian output.

- Date: 2021-10-21 · published 2021-10-21T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/44503-australia-s-bumper-winter-crop-harvest-merricks-capital
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Large Australian supply is offset by tight global canola supply from Canada, so canola prices stay firm and feed-meal costs remain elevated.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- merrickscapital.com: https://www.merrickscapital.com/insights/australias-bumper-winter-crop-harvest/

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