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The 2026/27 world wheat supply forecast rose 6.4 million tonnes to 1,110.4 million tonnes, led by higher output in Argentina, Australia, Kazakhstan and Ukraine, with Argentina at 23 million tonnes and Australia at 32.5 million tonnes. Global consumption was raised 1.7 million tonnes to 829.6 million tonnes on more feed use, while world trade was cut 0.3 million tonnes to 208.7 million tonnes after lower Russian and Ukrainian exports.
Bigger supplies and higher ending stocks point to softer wheat prices, though the export cuts for Russia and Ukraine limit how far prices fall.
nawozy.euNov 15, 2026After 1,011 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
