# Australian wheat crop forecast at 21.4-27.9Mt as seeding starts - Grain Central

> IKON Commodities forecasts Australia's 2020 wheat crop at 27.89 million tonnes, close to double last year, with canola at 3.57Mt and barley at 9.09Mt. ABARES projects 21.35Mt of wheat from 12 million hectares, and another forecaster puts wheat at 21.6Mt. Planting has started after large rainfall events across most of the country.

- Date: 2020-03-18 · published 2020-03-18T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/54098-australian-wheat-crop-forecast-at-21-4-27-9mt-as-seeding-starts-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A sharp rebound in Australian crops adds exportable wheat and barley supply and eases domestic feed tightness, which is bearish for wheat and barley prices if the forecasts hold.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-10-12 | [Dry WA, ideal SE alter Australian wheat, barley forecasts - Grain Central](https://feedsoft.ai/events/50599-dry-wa-ideal-se-alter-australian-wheat-barley-forecasts-grain-central.md) | +1.2% | -0.3% |
| WHEAT | 2020-04-20 | [Wheat, barley forecasts mostly higher as seeding gathers pace - Grain Central](https://feedsoft.ai/events/53608-wheat-barley-forecasts-mostly-higher-as-seeding-gathers-pace-grain-central.md) | -2.1% | -2.3% |
| WHEAT | 2020-12-03 | [Australia to Harvest Second Biggest Wheat Crop on Record \| Feed & Grain](https://feedsoft.ai/events/49623-australia-to-harvest-second-biggest-wheat-crop-on-record-feed-and-grain.md) | +9.8% | +9.8% |
| WHEAT | 2021-07-13 | [Aussie winter crop setting up for another big harvest - Grain Central](https://feedsoft.ai/events/45983-aussie-winter-crop-setting-up-for-another-big-harvest-grain-central.md) | +1.3% | -0.4% |
| WHEAT | 2019-05-02 | [Feedgrain Focus: New-crop prices tumble on forecast rain - Grain Central](https://feedsoft.ai/events/7490-feedgrain-focus-new-crop-prices-tumble-on-forecast-rain-grain-central.md) | -4.8% | -9.9% |

## Sources

- graincentral.com: https://www.graincentral.com/cropping/australian-wheat-crop-forecast-at-21-4-27-9mt-as-seeding-starts/

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