# ABARES makes massive increase in production forecast | Farm Online | ACT

> ABARES raised its September winter crop forecast to 54.8 million tonnes, up 17% on June, with a record canola crop above 5 million tonnes driven by a 24% rise in planted area. Growing conditions were strong in June and July but weaker in August in many regions.

- Date: 2021-09-08 · published 2021-09-08T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/45028-abares-makes-massive-increase-in-production-forecast-farm-online-act
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A record Australian canola crop and a large winter grain harvest increase export availability, which pressures canola meal, wheat and barley prices.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-09-09 | [ABARES ratchets up forecasts \| Farm Online \| ACT](https://feedsoft.ai/events/51088-abares-ratchets-up-forecasts-farm-online-act.md) | +0.3% | +8.1% |
| WHEAT | 2019-03-05 | [Wheat production to rise if break arrives \| Farm Online \| ACT](https://feedsoft.ai/events/60037-wheat-production-to-rise-if-break-arrives-farm-online-act.md) | -1.0% | -1.8% |
| WHEAT | 2017-08-15 | [Industry doubts on high USDA grain production figures  \| Farm Online \| ACT](https://feedsoft.ai/events/69395-industry-doubts-on-high-usda-grain-production-figures-farm-online-act.md) | -4.4% | +1.1% |
| WHEAT | 2016-12-06 | [Australia to soar to production records \| Farm Online \| ACT](https://feedsoft.ai/events/73466-australia-to-soar-to-production-records-farm-online-act.md) | +1.2% | -0.3% |
| WHEAT | 2021-05-28 | [Big grain production numbers flagged  \| Farm Online \| ACT](https://feedsoft.ai/events/47053-big-grain-production-numbers-flagged-farm-online-act.md) | -2.6% | -3.8% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/7421883/abares-makes-massive-increase-in-production-forecast/

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