# Near record crop beckons | Farm Online | ACT

> Crop forecasters are lifting Australian wheat estimates to near-record levels of just under 30 million tonnes despite flood damage in central NSW and frost in Western Australia. Queensland is performing strongly, and Victoria is expected to improve markedly on last year.

- Date: 2016-11-01 · published 2016-11-01T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/73815-near-record-crop-beckons-farm-online-act
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Near-record Australian wheat output expands export supply and is likely to keep Australian wheat prices under pressure.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-08-23 | [Big numbers for Aussie crop \| Farm Online \| ACT](https://feedsoft.ai/events/45532-big-numbers-for-aussie-crop-farm-online-act.md) | +1.1% | +5.4% |
| WHEAT | 2020-10-13 | [Crop set to be one of the biggest on record as headers start to roll \| Farm Online \| ACT](https://feedsoft.ai/events/50602-crop-set-to-be-one-of-the-biggest-on-record-as-headers-start-to-roll-farm.md) | +1.8% | -0.1% |
| WHEAT | 2016-11-22 | [Crop expected to nudge 50mt \| Farm Online \| ACT](https://feedsoft.ai/events/73810-crop-expected-to-nudge-50mt-farm-online-act.md) | -2.8% | +0.7% |
| WHEAT | 2018-04-18 | [Wheat prices fall on US rain, but dry threat remains for winter crop \| Farm Online \| ACT](https://feedsoft.ai/events/65564-wheat-prices-fall-on-us-rain-but-dry-threat-remains-for-winter-crop-farm-online.md) | +0.1% | -0.9% |
| WHEAT | 2021-07-13 | [Big grain production year on the cards \| Farm Online \| ACT](https://feedsoft.ai/events/46014-big-grain-production-year-on-the-cards-farm-online-act.md) | +1.3% | -0.4% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/4266172/near-record-crop-beckons/

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