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The International Grains Council raised its global grain production forecast for 2024/25 by 4.4 Mt to 2,306 Mt, driven mainly by higher Australian wheat. Its 2025/26 outlook also shows a large production increase with ending stocks rising 1.4 Mt.
Larger global supplies and higher ending stocks are bearish for grain prices, though adverse weather could still shift markets heading into the next season.
ahdb.org.ukMar 21, 2025After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
Not enough comparable past events yet for a historical read.
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.
