# Australia lifts wheat forecast - Markets - Business Recorder

> ABARES lifted its Australian wheat production forecast for 2021-22 by more than 17% to 32.63 million tonnes, following favourable weather in June and July. The estimate is close to last season's record of 33.34 million tonnes.

- Date: 2021-09-07 · published 2021-09-07T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/45030-australia-lifts-wheat-forecast-markets-business-recorder
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A near-record Australian wheat crop adds export supply and tends to pressure wheat prices, including feed-quality wheat used in livestock rations.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-02-09 | [Strategie Grains enhances EU wheat crop forecast again - Markets - Business Recorder](https://feedsoft.ai/events/37268-strategie-grains-enhances-eu-wheat-crop-forecast-again-markets-business-recorder.md) | -2.6% | -8.6% |
| WHEAT | 2023-10-04 | [Chicago wheat down - Markets - Business Recorder](https://feedsoft.ai/events/7138-chicago-wheat-down-markets-business-recorder.md) | +4.6% | +4.7% |
| WHEAT | 2025-06-24 | [Southern Europe lifts EU wheat yield outlook - Markets - Business Recorder](https://feedsoft.ai/events/24138-southern-europe-lifts-eu-wheat-yield-outlook-markets-business-recorder.md) | +1.4% | -1.8% |
| WHEAT | 2026-05-15 | [Expana lifts EU wheat, abarley crop outlook, cuts maize - Markets - Business Recorder](https://feedsoft.ai/events/19181-expana-lifts-eu-wheat-abarley-crop-outlook-cuts-maize-markets-business-recorder.md) | +1.2% | -3.5% |
| WHEAT | 2021-05-15 | [Strategie Grains keeps EU wheat crop forecast despite France cut - Markets - Business Recorder](https://feedsoft.ai/events/47026-strategie-grains-keeps-eu-wheat-crop-forecast-despite-france-cut-markets.md) | -1.3% | -4.1% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40118682

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