◂ Event Timeline

Sep 6, 2021REPORTAustralia

ABARES forecasts 32.6Mt wheat, 12.5Mt barley, 5Mt canola

ABARES forecast Australia's 2021-22 wheat production at 32.6 million tonnes, up 17% from its June estimate, with barley at 12.5Mt and a record canola crop of 5Mt. The upgrade reflects higher yield estimates across mainland states.

WHY IT MATTERS

A larger Australian wheat, barley and canola crop adds to export supply during a period of tight northern hemisphere stocks, which weighs on Australian and global wheat and barley prices.

AFFECTSWheat (SRW)▼Barley▼Canola Meal▼

SOURCE
graincentral.comGrain CentralSep 6, 2021

Price reaction & history

Wheat (SRW)▼bearishSO FAR1d +1.4%5d +0.4%20d +1.8%

After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.

Jun 10, 2020ABARES forecasts 26.7Mt wheat, 10.6Mt barley, 3.2Mt canola - Grain Central-1.1%
Jun 3, 2024ABARES forecasts wheat at 29.1Mt, barley 11.5Mt, canola 5.4Mt - Grain Central-5.6%
Dec 1, 2025ABARES lifts forecasts for canola, wheat, barley - Grain Central+1.9%
Mar 3, 2025ABARES lifts forecasts for wheat, barley, canola - Grain Central-3.4%
Jun 7, 2021ABARES forecasts 27.8Mt wheat, 10.4Mt barley, 4.2Mt canola - Grain Central+1.2%

Barley▼bearish

Not enough comparable past events yet for a historical read.

Canola Meal▼bearish

Not enough comparable past events yet for a historical read.

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Wheat (SRW) WHEAT · GP ▸

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Barley BARLEY · GP ▸

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