# What do bumper Oz crops mean for your price? Grain Market Daily | AHDB

> ABARES estimates Australia's 2020/21 wheat production at 26.6Mt, up 11.5Mt year on year, driven by recovery in yield and area after drought. Australia is expected to export around 65% of its wheat, about 17.0Mt, and 4.2Mt of barley, leaving a large exportable surplus. The same note reports US maize plantings cut 2Mha to 37.2Mha in the USDA acreage report.

- Date: 2020-07-01 · published 2020-07-01T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/52066-what-do-bumper-oz-crops-mean-for-your-price-grain-market-daily-ahdb
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A large Australian exportable surplus of wheat and barley adds competing supply to export markets and pressures world wheat and feed barley prices. The US acreage cut is supportive for corn.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2020-07-06 | 5 | -7.1% | -2.8 | ABARES projects a large Australian crop (26.6Mt, up 11.5Mt) and a big exportable surplus, adding to global supply and pressuring prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-11-24 | [Improved situation for EU winter cereal crops: Grain market daily \| AHDB](https://feedsoft.ai/events/50097-improved-situation-for-eu-winter-cereal-crops-grain-market-daily-ahdb.md) | -1.0% | +8.3% |
| WHEAT | 2022-12-06 | [Competitive Black Sea wheat pressuring prices, explained: Grain market daily \| AHDB](https://feedsoft.ai/events/38266-competitive-black-sea-wheat-pressuring-prices-explained-grain-market-daily-ahdb.md) | +9.9% | +9.2% |
| WHEAT | 2024-02-08 | [La Niña in 2024 could drive grain prices: Grain market daily \| AHDB](https://feedsoft.ai/events/31588-la-nina-in-2024-could-drive-grain-prices-grain-market-daily-ahdb.md) | -4.2% | -1.8% |
| WHEAT | 2019-05-06 | [Daily Market Wire 6 May 2019 - Grain Central](https://feedsoft.ai/events/7491-daily-market-wire-6-may-2019-grain-central.md) | -5.4% | -9.6% |
| WHEAT | 2017-03-21 | [Daily market wire 22 March 2017 - Grain Central](https://feedsoft.ai/events/10723-daily-market-wire-22-march-2017-grain-central.md) | +1.9% | +1.9% |
| CORN | 2021-07-16 | [Prices rally as Russian crop reduces: Grain market daily \| AHDB](https://feedsoft.ai/events/46105-prices-rally-as-russian-crop-reduces-grain-market-daily-ahdb.md) | -0.1% | -1.0% |
| CORN | 2021-08-24 | [Dry weather risk for 2021/22 South American crops: Grain market daily \| AHDB](https://feedsoft.ai/events/45430-dry-weather-risk-for-2021-22-south-american-crops-grain-market-daily-ahdb.md) | -0.4% | -10.1% |
| CORN | 2022-06-29 | [What’s driving the volatile grain market? Grain market daily \| AHDB](https://feedsoft.ai/events/40981-what-s-driving-the-volatile-grain-market-grain-market-daily-ahdb.md) | +1.2% | -16.3% |

## Sources

- mainsitelive.azurewebsites.net: https://mainsitelive.azurewebsites.net/news/what-do-bumper-oz-crops-mean-for-your-price-grain-market-daily

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