# Crop production records obliterated | The Rural | Wagga Wagga, NSW

> ABARES's post-harvest estimate puts Australia's 2016-17 winter crop at 58.87 million tonnes, 28.9% above the previous record of 45.67Mt set in 2011-12 and 49% above the prior year. Wheat, barley and chickpea records were set, and canola equalled its record. Grain storage is reported to be full across Australia.

- Date: 2017-02-15 · published 2017-02-15T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/72464-crop-production-records-obliterated-the-rural-wagga-wagga-nsw
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A record crop that fills storage across Australia means heavy export availability, which weighs on wheat and barley prices in world markets. Full bunkers may also push farmers to sell, adding to near-term pressure.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2016-12-07 | [Australia to soar to production records \| The Rural \| Wagga Wagga, NSW](https://feedsoft.ai/events/73467-australia-to-soar-to-production-records-the-rural-wagga-wagga-nsw.md) | +1.1% | +0.2% |
| WHEAT | 2021-12-07 | [Record crop in spite of downgrades \| The Rural \| Wagga Wagga, NSW](https://feedsoft.ai/events/43536-record-crop-in-spite-of-downgrades-the-rural-wagga-wagga-nsw.md) | -6.1% | -2.9% |
| WHEAT | 2022-03-09 | [Record crop production: ABARES](https://feedsoft.ai/events/42226-record-crop-production-abares.md) | -3.1% | +3.6% |
| 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% |
| WHEAT | 2023-03-06 | [Record winter crop production expected for Australia - AgCanada](https://feedsoft.ai/events/36802-record-winter-crop-production-expected-for-australia-agcanada.md) | -2.2% | +4.8% |

## Sources

- therural.com.au: https://www.therural.com.au/story/4469946/crop-production-records-obliterated/

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