# IGC Reports Heatwaves in Europe Lower 2026/27 Global Cereal Harvest; Soybean and Rice Outlooks Adjusted | Tridge Insights

> The IGC's July report cut 2026/27 global cereal production by 5 million tonnes to 2,422 million tonnes after European heatwaves. Oat, sorghum and rye yields were also reduced, and soybean output is forecast at a record high.

- Date: 2026-07-17 · published 2026-07-17T12:00:00.000Z
- Category: weather · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/18398-igc-reports-heatwaves-in-europe-lower-2026-27-global-cereal-harvest-soybean-and
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Oats](https://feedsoft.ai/c/OATS.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A lower global cereal crop and tighter end-of-season stocks support grain prices, while record soybean output limits gains in oilseeds.

## Read by commodity

- SOY: bearish ▼
- CORN: bullish ▲
- OATS: bullish ▲
- WHEAT: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-02-10 | [Heatwave knock to sorghum yield outlook lifts cereal price - Grain Central](https://feedsoft.ai/events/72546-heatwave-knock-to-sorghum-yield-outlook-lifts-cereal-price-grain-central.md) | -0.6% | -1.5% |
| WHEAT | 2019-09-30 | [Dryness in Argentina hits corn and wheat outlook; election haze supports safe-bet soy – HubTrades.com – Global Trading Hub](https://feedsoft.ai/events/56916-dryness-in-argentina-hits-corn-and-wheat-outlook-election-haze-supports-safe.md) | +0.6% | -1.3% |
| WHEAT | 2022-06-13 | [hEDGEpoint Global Markets climate report details the effects of La Niña on the global soybean, corn and wheat market - Revista Cultivar](https://feedsoft.ai/events/40862-hedgepoint-global-markets-climate-report-details-the-effects-of-la-nina-on-the.md) | +1.0% | -6.4% |
| WHEAT | 2020-10-19 | [Global markets look firm as WA heads into harvest: CBH - Grain Central](https://feedsoft.ai/events/12843-global-markets-look-firm-as-wa-heads-into-harvest-cbh-grain-central.md) | +1.2% | -1.1% |
| WHEAT | 2017-01-04 | [Soybeans charge higher amid reports of flooding in Argentina](https://feedsoft.ai/events/73022-soybeans-charge-higher-amid-reports-of-flooding-in-argentina.md) | +2.8% | +3.8% |
| CORN | 2019-09-30 | [Dryness in Argentina hits corn and wheat outlook; election haze supports safe-bet soy – HubTrades.com – Global Trading Hub](https://feedsoft.ai/events/56916-dryness-in-argentina-hits-corn-and-wheat-outlook-election-haze-supports-safe.md) | -0.9% | +1.1% |
| CORN | 2022-06-13 | [hEDGEpoint Global Markets climate report details the effects of La Niña on the global soybean, corn and wheat market - Revista Cultivar](https://feedsoft.ai/events/40862-hedgepoint-global-markets-climate-report-details-the-effects-of-la-nina-on-the.md) | -1.5% | +1.5% |
| CORN | 2026-08-27 | [European corn, soybean meal prices near historic highs amid supply concerns \| S&P Global](https://feedsoft.ai/events/17959-european-corn-soybean-meal-prices-near-historic-highs-amid-supply-concerns-s.md) | +1.2% | +5.8% |

## Sources

- insights.tridge.com: https://insights.tridge.com/speaker-product-news-reports/KJLyFXpzJzgKuB1Gqsm5QUKHGgR43AVdqLfBeDMFp4MEK6s7VF2TNXTb

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