# ABARES confirms record large harvest | Queensland Country Life | QLD

> ABARES raised its 2016 wheat forecast by 4.5 million tonnes to a record 32.6 million tonnes. Australia is on track for its largest grain harvest on record despite flooding in some areas. Barley is also forecast at a record 10.6 million tonnes.

- Date: 2016-12-08 · published 2016-12-08T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/73464-abares-confirms-record-large-harvest-queensland-country-life-qld
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Record Australian wheat and barley supplies add to export competition and weigh on feed grain prices. Buyers may find cheaper imported feed grains in coming months.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2016-12-13 | [ABARES confirms record harvest \| VIC](https://feedsoft.ai/events/73450-abares-confirms-record-harvest-vic.md) | -1.2% | +1.2% |
| WHEAT | 2020-09-14 | [ABARES forecasts massive Australian winter crop \| Queensland Country Life \| QLD](https://feedsoft.ai/events/51090-abares-forecasts-massive-australian-winter-crop-queensland-country-life-qld.md) | +1.4% | +8.1% |
| 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 | 2022-06-18 | [Australian wheat production forecast to top 30 million tonnes \| Queensland Country Life \| QLD](https://feedsoft.ai/events/40887-australian-wheat-production-forecast-to-top-30-million-tonnes-queensland.md) | -2.9% | -14.0% |
| WHEAT | 2020-06-22 | [Australian winter crop production set to soar \| Queensland Country Life \| QLD](https://feedsoft.ai/events/52593-australian-winter-crop-production-set-to-soar-queensland-country-life-qld.md) | +2.0% | -3.5% |

## Sources

- queenslandcountrylife.com.au: https://www.queenslandcountrylife.com.au/story/4344776/record-harvest-tipped/

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