# Global wheat estimates surge | VIC

> The March USDA report raised global wheat production by 2.68 million tonnes, driven by larger Australian and Argentine crops. Global consumption was lifted by India's higher import estimate of 5.5 million tonnes, and the market fell only slightly as the changes were largely expected.

- Date: 2017-03-14 · published 2017-03-14T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11206-global-wheat-estimates-surge-vic
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher global production and stocks are bearish for wheat prices, though strong Indian import demand partly offsets the supply increase.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-10-14 | [USDA lifts global wheat stock estimates \| Farm Online \| ACT](https://feedsoft.ai/events/56500-usda-lifts-global-wheat-stock-estimates-farm-online-act.md) | +4.5% | +1.5% |
| WHEAT | 2020-06-11 | [Wheat slides on record global stocks estimate - Markets - Business Recorder](https://feedsoft.ai/events/52557-wheat-slides-on-record-global-stocks-estimate-markets-business-recorder.md) | -1.4% | -5.1% |
| WHEAT | 2016-11-17 | [Strategy of grains estimates EU acreage for wheat at](https://feedsoft.ai/events/73796-strategy-of-grains-estimates-eu-acreage-for-wheat-at.md) | -2.1% | +0.6% |
| WHEAT | 2017-09-29 | [A Look at Northern States' Spring Wheat Estimates](https://feedsoft.ai/events/8738-a-look-at-northern-states-spring-wheat-estimates.md) | +5.6% | +10.7% |
| WHEAT | 2025-04-17 | [France ups soft wheat area estimate](https://feedsoft.ai/events/25049-france-ups-soft-wheat-area-estimate.md) | +2.5% | +3.2% |

## Sources

- stockandland.com.au: https://www.stockandland.com.au/story/4529005/global-estimates-surge/

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