# APW/ASW spread narrows as Australia set for high-protein wheat crop - Fastmarkets

> Australia's harvest is showing higher protein levels, with most states producing Australian Premium Hard grade. The ASW-APW spread has narrowed from $10 to $3 per tonne as the crop, expected to be the second-biggest on record, is harvested.

- Date: 2020-12-01 · published 2020-12-01T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/49693-apw-asw-spread-narrows-as-australia-set-for-high-protein-wheat-crop-fastmarkets
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A large, higher-protein Australian crop adds export supply and narrows the premium for high-protein wheat, which weighs on export prices.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-08-31 | [Australia Raises Wheat Crop Forecast as Export Demand Picks Up \| Stock Market News](https://feedsoft.ai/events/17876-australia-raises-wheat-crop-forecast-as-export-demand-picks-up-stock-market-news.md) | +2.2% | +6.1% |
| WHEAT | 2023-01-06 | [Australia set for record wheat crop as harvest wraps up - traders \| The Western Producer](https://feedsoft.ai/events/37740-australia-set-for-record-wheat-crop-as-harvest-wraps-up-traders-the-western.md) | -2.7% | -3.0% |
| WHEAT | 2022-12-06 | [Australia forecasts record wheat crop despite floods](https://feedsoft.ai/events/38219-australia-forecasts-record-wheat-crop-despite-floods.md) | +9.9% | +9.2% |
| WHEAT | 2025-05-13 | [USDA forecasts Australian new-crop wheat at 31Mt - Grain Central](https://feedsoft.ai/events/24628-usda-forecasts-australian-new-crop-wheat-at-31mt-grain-central.md) | -4.2% | -2.6% |
| WHEAT | 2021-09-07 | [Australia lifts wheat forecast - Markets - Business Recorder](https://feedsoft.ai/events/45030-australia-lifts-wheat-forecast-markets-business-recorder.md) | +1.8% | +5.2% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/apw-asw-spread-narrows-as-australia-set-for-high-protein-wheat-crop/

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