# Australia expecting another large harvest  | World Grain

> IKON Commodities forecasts Australian grain production above 50 million tonnes for 2021-22, the second straight year over that level, on well-above-average rainfall in NSW and Western Australia. It puts wheat at 33 million tonnes and canola at a record 5.23 million tonnes, and GrainCorp and CBH are adding storage for the larger harvest.

- Date: 2021-08-10 · published 2021-08-10T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/45533-australia-expecting-another-large-harvest-world-grain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Strong Australian output expands export availability of wheat, barley and canola during the northern hemisphere shortfall, which pressures prices. Extra storage build-out signals expectations of abundant supply.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-12-21 | [Grain harvest exceeds expectations in Australia \| QLD](https://feedsoft.ai/events/49625-grain-harvest-exceeds-expectations-in-australia-qld.md) | +0.4% | +8.0% |
| WHEAT | 2022-08-29 | [Third straight bumper crop expected in Australia \| World Grain](https://feedsoft.ai/events/40014-third-straight-bumper-crop-expected-in-australia-world-grain.md) | +0.5% | +4.4% |
| WHEAT | 2021-07-13 | [Aussie winter crop setting up for another big harvest - Grain Central](https://feedsoft.ai/events/45983-aussie-winter-crop-setting-up-for-another-big-harvest-grain-central.md) | +1.3% | -0.4% |
| WHEAT | 2020-07-16 | [Australian farmers prepare to harvest large wheat crop](https://feedsoft.ai/events/52069-australian-farmers-prepare-to-harvest-large-wheat-crop.md) | -0.0% | -2.6% |
| WHEAT | 2024-11-21 | [Australia's $23 billion grain industry is mid-harvest - ABC listen](https://feedsoft.ai/events/27361-australia-s-23-billion-grain-industry-is-mid-harvest-abc-listen.md) | -0.2% | +0.0% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/15671-australia-expecting-another-large-harvest

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