# Winter crop crosses the finish line on a record high - Grain Central

> ABARES raised Australia's 2016/17 winter crop estimate 12% to a record 58.9 million tonnes, up 49% on last season. Record wheat (35.1Mt), barley (13.4Mt) and chickpea crops were reported, and canola equalled its record of 4.1Mt. Summer crops in Queensland and northern NSW were trimmed on dry, warm conditions.

- Date: 2017-02-14 · published 2017-02-14T12:00:00.000Z
- Category: report · region Australia · magnitude high
- Page: https://feedsoft.ai/events/72460-winter-crop-crosses-the-finish-line-on-a-record-high-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A record Australian wheat and barley harvest adds exportable supply to the world feed and grain market, which tends to pressure wheat and barley prices. The dry summer-crop outlook in Queensland and northern NSW is a smaller offsetting factor.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-06-07 | [Winter crop area heading towards record high: ABARES - Grain Central](https://feedsoft.ai/events/46543-winter-crop-area-heading-towards-record-high-abares-grain-central.md) | +1.2% | -2.1% |
| WHEAT | 2021-02-15 | [Winter harvest near record, summer crop on the improve: ABARES - Grain Central](https://feedsoft.ai/events/48595-winter-harvest-near-record-summer-crop-on-the-improve-abares-grain-central.md) | +9.4% | +9.0% |
| WHEAT | 2017-03-09 | [Grain production to ease back after record winter crop: ABARES - Grain Central](https://feedsoft.ai/events/71941-grain-production-to-ease-back-after-record-winter-crop-abares-grain-central.md) | +0.7% | +0.6% |
| 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% |
| WHEAT | 2016-12-07 | [Winter crop production to hit record high: ABARES](https://feedsoft.ai/events/73447-winter-crop-production-to-hit-record-high-abares.md) | +1.1% | +0.2% |

## Sources

- graincentral.com: https://www.graincentral.com/cropping/winter-crop-crosses-the-finish-line-on-a-record-high/

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