# Growers eager to forward sell after release of forecasts | The Land | NSW

> The USDA's WASDE raised its Australian wheat production forecast to 28.5 million tonnes, slightly below ABARES's 28.9 million. Global wheat production was raised 4.46 million tonnes, led by Australia and Canada.

- Date: 2020-09-15 · published 2020-09-15T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/51093-growers-eager-to-forward-sell-after-release-of-forecasts-the-land-nsw
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher global wheat supplies and larger ending stocks are mildly bearish, though firm Black Sea domestic prices limit the downside.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-06-18 | [Wheat support slips after USDA report \| The Land \| NSW](https://feedsoft.ai/events/12351-wheat-support-slips-after-usda-report-the-land-nsw.md) | -0.3% | -3.8% |
| WHEAT | 2021-07-09 | [Grain growers face new challenges after bumper season - The Farmer](https://feedsoft.ai/events/46016-grain-growers-face-new-challenges-after-bumper-season-the-farmer.md) | -1.4% | -0.0% |
| WHEAT | 2021-03-18 | [The higher forecast production in the new season lowers the price of wheat old crop](https://feedsoft.ai/events/48191-the-higher-forecast-production-in-the-new-season-lowers-the-price-of-wheat-old.md) | +0.9% | -3.3% |
| WHEAT | 2023-12-19 | [Increasing forecasts of wheat harvest and exports from Canada lowers quotations in the US](https://feedsoft.ai/events/32746-increasing-forecasts-of-wheat-harvest-and-exports-from-canada-lowers-quotations.md) | +0.4% | +1.7% |
| WHEAT | 2025-10-01 | [ABARES lifts forecast as yield potential in northern NSW, Qld and WA increases \| The Land \| NSW](https://feedsoft.ai/events/22348-abares-lifts-forecast-as-yield-potential-in-northern-nsw-qld-and-wa-increases.md) | +0.6% | +6.4% |

## Sources

- theland.com.au: https://www.theland.com.au/story/6925567/latest-report-points-to-slightly-higher-us-estimates-of-australian-wheat-production/

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