# Australian 2020-21 wheat harvest more formidable than expected: ABARES

> S&P Global reports that ABARES raised its forecast for Australia's 2020-21 wheat harvest, with output the highest in at least 31 years. New South Wales production is seen reaching 13.1 million tonnes and Australian wheat exports to China are above 1 million tonnes so far.

- Date: 2021-02-15 · published 2021-02-15T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/48599-australian-2020-21-wheat-harvest-more-formidable-than-expected-abares
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher Australian output and strong China-bound exports increase competition for other origins in Asian markets, which weighs on wheat prices. Larger supplies also support lower freight demand for Australian grain cargoes.

## Read by commodity

- WHEAT: bearish ▼
- OCEANFRT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-02-06 | [Australia harvested 2 million tons of wheat more than forecast in 2024/25 MY](https://feedsoft.ai/events/26019-australia-harvested-2-million-tons-of-wheat-more-than-forecast-in-2024-25-my.md) | -0.7% | -3.6% |
| WHEAT | 2025-11-24 | [Big Australia wheat, barley harvests expected \| World Grain](https://feedsoft.ai/events/21920-big-australia-wheat-barley-harvests-expected-world-grain.md) | +0.9% | -0.0% |
| WHEAT | 2025-03-03 | [Australia increases wheat harvest forecast to 34.1 mln tons](https://feedsoft.ai/events/25546-australia-increases-wheat-harvest-forecast-to-34-1-mln-tons.md) | -3.4% | +0.5% |
| WHEAT | 2024-08-02 | [Precipitation improved the prospects for the wheat harvest in Australia](https://feedsoft.ai/events/28738-precipitation-improved-the-prospects-for-the-wheat-harvest-in-australia.md) | +4.8% | -2.5% |
| WHEAT | 2025-10-20 | [Australia’s wheat harvest forecast raised to near-record level](https://feedsoft.ai/events/22354-australia-s-wheat-harvest-forecast-raised-to-near-record-level.md) | +0.7% | -2.8% |

## Sources

- spglobal.com: https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/agriculture/021521-australian-2020-21-wheat-harvest-more-formidable-than-expected-abares

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