# Winter crop production to hit record high: ABARES

> ABARES forecast Australian winter crop production at a record high, with wheat up 35% to 32.6 million tonnes and barley up 24% to 10.6 million tonnes. The forecast is a 14% upward revision from the September report. Production is expected to rise in every state.

- Date: 2016-12-07 · published 2016-12-07T12:00:00.000Z
- Category: report · region Australia · magnitude high
- Page: https://feedsoft.ai/events/73447-winter-crop-production-to-hit-record-high-abares
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A 14% upward revision to a record crop is a large supply increase for feed barley and wheat exporters. This adds bearish pressure on global feed grain prices.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-03-09 | [Record crop production: ABARES](https://feedsoft.ai/events/42226-record-crop-production-abares.md) | -3.1% | +3.6% |
| 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 | 2021-09-07 | [ABARES forecasts record winter crop production - Beef Central](https://feedsoft.ai/events/45029-abares-forecasts-record-winter-crop-production-beef-central.md) | +1.8% | +5.2% |
| 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 | 2022-12-07 | [ABARES crop report forecasts record production - Mecardo](https://feedsoft.ai/events/38217-abares-crop-report-forecasts-record-production-mecardo.md) | +10.0% | +8.7% |

## Sources

- farmingahead.com.au: https://www.farmingahead.com.au/cropping/news/1330203/winter-crop-production-hit-record-abares

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