# Latest Australian crop report reaffirms farmers are set to harvest their biggest wheat crop ever - ABC News

> ABARES reaffirmed its estimate of a record Australian wheat harvest of 32.6 million tonnes for 2016/17, up 35% on last year. Total winter crop output is pegged at 52.4 million tonnes, including a record 10.6 million tonne barley crop. Prices are hovering near six-year lows.

- Date: 2016-12-05 · published 2016-12-05T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/73443-latest-australian-crop-report-reaffirms-farmers-are-set-to-harvest-their
- 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 crop adds to a global supply glut and keeps export prices under pressure for feed grains. Buyers can expect continued weak wheat and barley prices into the new season.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-11-29 | [Australian farmers set to harvest largest crop but recent rain has brought pricing pain - ABC News](https://feedsoft.ai/events/44018-australian-farmers-set-to-harvest-largest-crop-but-recent-rain-has-brought.md) | -1.1% | -3.5% |
| WHEAT | 2023-01-06 | [Australia set for record wheat crop as harvest wraps up - traders \| The Western Producer](https://feedsoft.ai/events/37740-australia-set-for-record-wheat-crop-as-harvest-wraps-up-traders-the-western.md) | -2.7% | -3.0% |
| WHEAT | 2023-03-06 | [Australian farming sets $90b record after wet weather creates food, fibre bonanza  - ABC News](https://feedsoft.ai/events/36807-australian-farming-sets-90b-record-after-wet-weather-creates-food-fibre-bonanza.md) | -2.2% | +4.8% |
| WHEAT | 2021-11-30 | [Australia set to harvest record grain crop \| World Grain](https://feedsoft.ai/events/44019-australia-set-to-harvest-record-grain-crop-world-grain.md) | -1.0% | -3.4% |
| WHEAT | 2025-10-20 | [Australia’s wheat harvest forecast raised to near-record level](https://feedsoft.ai/events/22354-australia-s-wheat-harvest-forecast-raised-to-near-record-level.md) | +0.7% | -2.8% |

## Sources

- abc.net.au: https://www.abc.net.au/news/rural/rural-news/2016-12-06/abares-december-crop-report/8078938

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