# Market Snapshot | Costly inputs and weather burden global wheat production - Pro Farmer

> Pro Farmer's midday market snapshot reports corn roughly unchanged and soybeans lower, with soymeal up. It notes the IGC lowered its world corn production forecast to 1.3 billion tons and that China says it has enough fertilizer for spring planting despite Iran war disruptions. The headline theme is costly inputs and weather pressure on global wheat output.

- Date: 2026-04-23 · published 2026-04-23T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/19768-market-snapshot-costly-inputs-and-weather-burden-global-wheat-production-pro
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Input cost pressure and weather-driven cuts to global wheat output support wheat prices, while the corn production downgrade adds mild support for feed grains. Overall moves were small on the day.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-03-17 | [Market Snapshot \| Iffy U.S. weather sparks wheat rally - Pro Farmer](https://feedsoft.ai/events/5622-market-snapshot-iffy-u-s-weather-sparks-wheat-rally-pro-farmer.md) | +5.3% | +2.5% |
| WHEAT | 2021-07-30 | [Adverse global weather creates potent bull market for wheat](https://feedsoft.ai/events/46137-adverse-global-weather-creates-potent-bull-market-for-wheat.md) | +1.6% | +2.4% |
| WHEAT | 2024-05-09 | [Wheat Prices Have Soared on Global Conflict, Extreme Weather - Markets Insider](https://feedsoft.ai/events/30292-wheat-prices-have-soared-on-global-conflict-extreme-weather-markets-insider.md) | +2.0% | +6.5% |
| WHEAT | 2018-12-13 | [Global Production Continues to Decrease Due to Weather Problems in Australia and Russia - U.S. Wheat Associates](https://feedsoft.ai/events/7510-global-production-continues-to-decrease-due-to-weather-problems-in-australia.md) | +2.5% | +2.0% |
| WHEAT | 2018-09-21 | [Farming News - Weekly snapshot of the wheat & OSR markets](https://feedsoft.ai/events/63133-farming-news-weekly-snapshot-of-the-wheat-and-osr-markets.md) | -0.1% | +7.7% |
| CORN | 2025-03-17 | [Market Snapshot \| Iffy U.S. weather sparks wheat rally - Pro Farmer](https://feedsoft.ai/events/5622-market-snapshot-iffy-u-s-weather-sparks-wheat-rally-pro-farmer.md) | +7.3% | +7.8% |
| CORN | 2024-10-21 | [Market Snapshot \| October 21, 2024 - Pro Farmer](https://feedsoft.ai/events/11151-market-snapshot-october-21-2024-pro-farmer.md) | +1.5% | +2.5% |
| CORN | 2024-02-01 | [Global production uncertainties support corn market - Brownfield Ag News](https://feedsoft.ai/events/31699-global-production-uncertainties-support-corn-market-brownfield-ag-news.md) | -4.7% | -6.6% |

## Sources

- profarmer.com: https://www.profarmer.com/pro-farmer-max/market-snapshot/market-snapshot-costly-inputs-and-weather-burden-global-wheat-production

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