# Rebound in grain production lifts wheat forecast to 26.7Mt: ABARES - Grain Central

> ABARES's June Agricultural Commodities report lifts Australian wheat production 76% to 26.7Mt in 2020-21, the largest since 2016-17. It also forecasts the world wheat indicator price to average US$222 per tonne, with price falls expected for most major commodities.

- Date: 2020-06-16 · published 2020-06-16T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/52584-rebound-in-grain-production-lifts-wheat-forecast-to-26-7mt-abares-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher Australian output and abundant world wheat supplies point to continued low wheat prices, which benefits feed buyers sourcing wheat for rations.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-06-10 | [Winter crop production forecast to jump 53pc: ABARES - Grain Central](https://feedsoft.ai/events/52588-winter-crop-production-forecast-to-jump-53pc-abares-grain-central.md) | -1.1% | -5.3% |
| WHEAT | 2025-12-01 | [ABARES lifts forecasts for canola, wheat, barley - Grain Central](https://feedsoft.ai/events/21468-abares-lifts-forecasts-for-canola-wheat-barley-grain-central.md) | +1.9% | +0.7% |
| WHEAT | 2025-03-03 | [ABARES lifts forecasts for wheat, barley, canola - Grain Central](https://feedsoft.ai/events/25537-abares-lifts-forecasts-for-wheat-barley-canola-grain-central.md) | -3.4% | +0.5% |
| WHEAT | 2020-11-30 | [ABARES lifts national wheat, barley, canola forecasts - Grain Central](https://feedsoft.ai/events/50128-abares-lifts-national-wheat-barley-canola-forecasts-grain-central.md) | -0.9% | +8.3% |
| WHEAT | 2020-09-07 | [ABARES lifts national wheat, barley, canola forecasts - Grain Central](https://feedsoft.ai/events/51080-abares-lifts-national-wheat-barley-canola-forecasts-grain-central.md) | +10.0% | +16.8% |

## Sources

- graincentral.com: https://www.graincentral.com/news/rebound-in-grain-production-lifts-wheat-forecast-to-26-7mt-abares/

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