# ABARES confirms record harvest | VIC

> ABARES raised its Australian wheat projection by 4.6 million tonnes to a record 32.6 million tonnes. Early harvest yields in southern NSW and Victoria are reported as record highs. GrainCorp has received about 1.4 million tonnes in Victoria so far.

- Date: 2016-12-13 · published 2016-12-13T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/73450-abares-confirms-record-harvest-vic
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

The record crop confirms a large export supply from Australia, which is bearish for wheat and barley prices. Prices were steady to higher recently on export sales, which may limit near-term downside.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2016-12-08 | [ABARES confirms record large harvest \| Queensland Country Life \| QLD](https://feedsoft.ai/events/73464-abares-confirms-record-large-harvest-queensland-country-life-qld.md) | +0.9% | +0.6% |
| WHEAT | 2026-03-02 | [ABARES confirms record for barley; canola, wheat lift - Grain Central](https://feedsoft.ai/events/20124-abares-confirms-record-for-barley-canola-wheat-lift-grain-central.md) | +1.6% | +0.1% |
| WHEAT | 2022-03-09 | [Record crop production: ABARES](https://feedsoft.ai/events/42226-record-crop-production-abares.md) | -3.1% | +3.6% |
| WHEAT | 2022-02-20 | [What a record harvest means for India](https://feedsoft.ai/events/42690-what-a-record-harvest-means-for-india.md) | +2.8% | +11.9% |
| WHEAT | 2017-01-09 | [WA harvest breaks record - Grain Central](https://feedsoft.ai/events/72956-wa-harvest-breaks-record-grain-central.md) | +2.0% | +3.4% |

## Sources

- stockandland.com.au: https://www.stockandland.com.au/story/4352755/abares-confirms-record-harvest/

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