# Wheat heading to a record I Australian Rural & Regional News

> ABARES estimated Australia's 2020-21 wheat crop at a record 33.34 million tonnes, and winter crop output at 55.2Mt. The article notes Chicago wheat futures were at their highest since 2014 as Russia curbed exports and cold weather threatened Northern Hemisphere crops.

- Date: 2021-02-16 · published 2021-02-16T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/48597-wheat-heading-to-a-record-i-australian-rural-and-regional-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Record Australian supply is a bearish factor, but the article also cites Russian export curbs and Northern Hemisphere cold as supportive forces, so the net price effect is mixed. Australian export volumes to China are rising.

## Read by commodity

- WHEAT: neutral
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-05-15 | [New research accurately predicts Australian wheat harvests months in advance](https://feedsoft.ai/events/59061-new-research-accurately-predicts-australian-wheat-harvests-months-in-advance.md) | +11.2% | +10.0% |
| WHEAT | 2023-12-04 | [Australian crops improve, but well off recent records - AgCanada](https://feedsoft.ai/events/32669-australian-crops-improve-but-well-off-recent-records-agcanada.md) | +0.5% | -0.5% |
| WHEAT | 2024-01-29 | [Australia achieves average wheat, barley harvests](https://feedsoft.ai/events/32086-australia-achieves-average-wheat-barley-harvests.md) | -0.0% | -5.2% |
| WHEAT | 2021-09-09 | [Australia may have hit peak farming acreage but production set to keep climbing - ABC News](https://feedsoft.ai/events/45034-australia-may-have-hit-peak-farming-acreage-but-production-set-to-keep-climbing.md) | +3.1% | +5.3% |
| WHEAT | 2019-11-22 | [Wheat production, trade rising: IGC - Grain Central](https://feedsoft.ai/events/55997-wheat-production-trade-rising-igc-grain-central.md) | +1.6% | -0.7% |

## Sources

- arr.news: https://arr.news/2021/02/16/wheat-heading-to-a-record-harvest/

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