# World crop upgrade fails to dampen global barley/wheat price rise - Grain Central

> The IGC reported that its September price indices rose, with barley up 8% and wheat up 5% month on month. Year on year, the barley index was up 27% and the wheat index up 15%. The IGC raised its world grains production estimate by 19 Mt to 2,069 Mt, while forecasting consumption up 7 Mt and trade up 5 Mt.

- Date: 2017-10-03 · published 2017-10-03T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/10969-world-crop-upgrade-fails-to-dampen-global-barley-wheat-price-rise-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Global stocks could fall in 2017/18 for the first time in five years, mainly for maize, as demand outpaces supply, which supports barley and wheat prices.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-06-19 | [Wheat/barley price prospects on the rise; oilseeds to fall: ABARES - Grain Central](https://feedsoft.ai/events/64497-wheat-barley-price-prospects-on-the-rise-oilseeds-to-fall-abares-grain-central.md) | -0.7% | -3.1% |
| WHEAT | 2017-07-03 | [World crop outlook breathes life into wheat prices - Grain Central](https://feedsoft.ai/events/6179-world-crop-outlook-breathes-life-into-wheat-prices-grain-central.md) | -0.1% | +1.9% |
| WHEAT | 2020-07-13 | [Global wheat prices soften in June: USDA - Grain Central](https://feedsoft.ai/events/52172-global-wheat-prices-soften-in-june-usda-grain-central.md) | -0.4% | -1.3% |
| WHEAT | 2020-07-14 | [Global wheat production on the decline - Grain Central](https://feedsoft.ai/events/52052-global-wheat-production-on-the-decline-grain-central.md) | +0.4% | -1.8% |
| WHEAT | 2020-02-17 | [ABARES cuts wheat to 15.2Mt, lifts barley to 8.9Mt - Grain Central](https://feedsoft.ai/events/54568-abares-cuts-wheat-to-15-2mt-lifts-barley-to-8-9mt-grain-central.md) | +5.0% | +9.6% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/world-crop-upgrade-fails-to-dampen-global-barleywheat-price-rise/

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