# High wheat production ensures Australia’s grain security in COVID era - Grain Central

> Australian grain industry group GrainGrowers says Australia produces far more wheat than domestic demand, about one tonne per person versus roughly 10 per cent of that in the EU and US. ABARES forecasts 2020-21 wheat production up 76 per cent to 26.7 million tonnes, which would be the largest crop since 2016-17.

- Date: 2020-08-07 · published 2020-08-07T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/51552-high-wheat-production-ensures-australia-s-grain-security-in-covid-era-grain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A large Australian wheat crop adds significant export supply after drought years, which is bearish for wheat prices and competes with Black Sea and other origins for Asian buyers.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-02-14 | [Australia’s wheat production reaches record high \| World-grain.com \| February 14, 2017 15:45 \| World Grain](https://feedsoft.ai/events/72462-australia-s-wheat-production-reaches-record-high-world-grain-com-february-14.md) | -0.8% | -1.2% |
| WHEAT | 2026-03-02 | [Australia’s winter crop production revised higher \| World Grain](https://feedsoft.ai/events/20123-australia-s-winter-crop-production-revised-higher-world-grain.md) | +1.6% | +0.1% |
| WHEAT | 2025-01-24 | [Australia Wheat Industry Sees Record Production Boom](https://feedsoft.ai/events/26461-australia-wheat-industry-sees-record-production-boom.md) | +3.9% | +4.7% |
| WHEAT | 2019-05-12 | [Global wheat production set to hit record 777Mt: USDA - Grain Central](https://feedsoft.ai/events/59058-global-wheat-production-set-to-hit-record-777mt-usda-grain-central.md) | -0.4% | +4.7% |
| WHEAT | 2021-11-29 | [Record year for Australian winter crop production: ABARES - Grain Central](https://feedsoft.ai/events/44017-record-year-for-australian-winter-crop-production-abares-grain-central.md) | -1.1% | -3.5% |
| KWHEAT | 2017-08-15 | [Industry doubts on high USDA grain production figures  \| Farm Online \| ACT](https://feedsoft.ai/events/69395-industry-doubts-on-high-usda-grain-production-figures-farm-online-act.md) | -6.6% | -4.8% |
| KWHEAT | 2019-03-04 | [Australia’s 2019-20 wheat output forecast higher \| 2019-03-04  \| World Grain](https://feedsoft.ai/events/60036-australia-s-2019-20-wheat-output-forecast-higher-2019-03-04-world-grain.md) | -3.6% | -2.4% |
| KWHEAT | 2020-05-13 | [USDA forecasts intense competition on wheat, corn - Grain Central](https://feedsoft.ai/events/53176-usda-forecasts-intense-competition-on-wheat-corn-grain-central.md) | -8.7% | -5.4% |

## Sources

- graincentral.com: https://www.graincentral.com/news/high-wheat-production-ensures-australias-grain-security-in-covid-era/

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