# Ag Markets Pause Ahead of Tomorrow’s USDA Report | Feed & Grain

> ABARES raised its Australian wheat forecast to 27.8Mt from 25Mt in March, and barley to 10.4Mt from 8.8Mt. The canola forecast of 4.2Mt is up from 3.5Mt, and the same report noted US census bean exports for April were down 29 million bushels year on year.

- Date: 2021-06-09 · published 2021-06-09T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/46546-ag-markets-pause-ahead-of-tomorrow-s-usda-report-feed-and-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

Upward revisions to Australian wheat, barley and canola add export supply that competes with US and Black Sea grain, which is bearish for those prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-07-12 | [USDA Reports Cause Grain, Soybean Markets to Continue to Plunge](https://feedsoft.ai/events/4307-usda-reports-cause-grain-soybean-markets-to-continue-to-plunge.md) | +7.2% | +7.0% |
| WHEAT | 2025-11-14 | [Grain Markets Tank Friday on USDA Reports: How Low Will Prices Go? - AgWeb](https://feedsoft.ai/events/21973-grain-markets-tank-friday-on-usda-reports-how-low-will-prices-go-agweb.md) | +1.4% | +1.0% |
| WHEAT | 2025-09-30 | [Grain markets react to unexpected USDA stocks data](https://feedsoft.ai/events/9840-grain-markets-react-to-unexpected-usda-stocks-data.md) | +0.4% | +5.9% |
| WHEAT | 2018-05-09 | [Wheat drops 1% ahead of USDA report](https://feedsoft.ai/events/7886-wheat-drops-1-ahead-of-usda-report.md) | -1.1% | +2.2% |
| WHEAT | 2025-03-11 | [USDA Report Reaction \| Markets have muted response to USDA's March WASDE Report - Pro Farmer](https://feedsoft.ai/events/25513-usda-report-reaction-markets-have-muted-response-to-usda-s-march-wasde-report.md) | +5.7% | +1.9% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/events/event-calendar/blog/15387082/ag-markets-pause-ahead-of-tomorrows-usda-report

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