Australia Wheat: Production Revised Higher
USDA forecasts Australia marketing year (MY) 2022/23 wheat production at 34.5 million metric tons (mmt), up 1.5 mmt or 5 percent from last month, but down 5 percent from last year’s record.
Australia Wheat: Production Revised Higher
USDA forecasts Australia marketing year (MY) 2022/23 wheat production at 34.5 million metric tons (mmt), up 1.5 mmt or 5 percent from last month, but down 5 percent from last year’s record. Harvested area is estimated at 13.1 million hectares (mha), unchanged from last month and up 0.1 mha, or less than 1 percent from last year. Yield is forecast at 2.63 tons per hectare (t/ha), up 5 percent from last month, but down 6 percent from last year’s record.
Overall, wheat passed through the flowering crop stage and into early grain fill with ample moisture availability in September and October. Peak flowering is typically early to midSeptember. At present, root zone soil moisture is average to above-average for the major growing regions, further supporting yield potential.
The recent satellite-derived Normalized Difference Vegetation Index (NDVI) depicts aboveaverage crop vigor, especially in the wheat belt of Western Australia, Victoria, and New South Wales.
