# 'Big crops get bigger' - grain industry maxim ringing true - Grain Central

> Australia's wheat crop is now likely to top 30 million tonnes, with record barley output of about 10 million tonnes forecast despite frost damage in Western Australia. Chinese buyers have concluded plenty of barley business, and a weaker Australian dollar at about 74 US cents is making Australian wheat more competitive in South Asia.

- Date: 2016-12-05 · published 2016-12-05T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/6327-big-crops-get-bigger-grain-industry-maxim-ringing-true-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Large Australian wheat and barley supplies increase export competition and weigh on world prices, while the weaker currency makes Australian grain cheaper for buyers. Feed buyers can expect ample barley and wheat supply at lower prices.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2017-06-12 | [GRAIN MARKETS: Crops tumble as rain moves in](https://feedsoft.ai/events/70423-grain-markets-crops-tumble-as-rain-moves-in.md) | -0.5% | +0.3% |
| WHEAT | 2024-01-23 | [Australia set to harvest bigger crops after rains defy El Nino](https://feedsoft.ai/events/32081-australia-set-to-harvest-bigger-crops-after-rains-defy-el-nino.md) | -0.1% | -5.5% |
| WHEAT | 2018-11-12 | [WA winter crop surges back to 15.653Mt - Grain Central](https://feedsoft.ai/events/61994-wa-winter-crop-surges-back-to-15-653mt-grain-central.md) | -0.2% | +0.8% |
| WHEAT | 2020-05-14 | [Weather models point to possible La Nina in spring - Grain Central](https://feedsoft.ai/events/53051-weather-models-point-to-possible-la-nina-in-spring-grain-central.md) | +0.4% | +1.0% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/big-crops-get-bigger-grain-industry-maxim-ringing-true/

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