# Agribusiness News December 2024 - Cereals | Helping farmers in Scotland

> The International Grains Council tightened its 2024/25 global wheat outlook, projecting grain ending stocks at a 10-year low and exports at a six-year low. Europe's wheat exports are running 30% below last year's pace, with Algeria and Morocco cutting demand. Renewed Middle East and Black Sea tensions have added war premiums to prices.

- Date: 2024-11-29 · published 2024-11-29T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/27487-agribusiness-news-december-2024-cereals-helping-farmers-in-scotland
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tighter supply forecasts and weaker European export flows support wheat prices. The fall in Algerian and Moroccan demand limits how far those prices can rise.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-02-04 | [Farm exports defy overall trend in 2020, see 9.8 per cent growth \| India News - The Indian Express](https://feedsoft.ai/events/48585-farm-exports-defy-overall-trend-in-2020-see-9-8-per-cent-growth-india-news-the.md) | -0.2% | +11.9% |
| WHEAT | 2021-06-10 | [India's agriculture exports jump 17.34% to $41.25 billion in FY21 \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/46519-india-s-agriculture-exports-jump-17-34-to-41-25-billion-in-fy21-economy-and.md) | +5.7% | -5.3% |
| WHEAT | 2021-01-06 | [Ukraine grain exports down at 26.4mn tonne so far in 2020/21 - Markets - Business Recorder](https://feedsoft.ai/events/48984-ukraine-grain-exports-down-at-26-4mn-tonne-so-far-in-2020-21-markets-business.md) | +0.8% | -4.3% |
| WHEAT | 2025-10-27 | [After the Bell \| Soybeans surge on trade deal news - Pro Farmer](https://feedsoft.ai/events/4790-after-the-bell-soybeans-surge-on-trade-deal-news-pro-farmer.md) | +3.8% | -1.8% |
| WHEAT | 2019-04-08 | [Asian feed importers bought Black Sea cereals again](https://feedsoft.ai/events/59790-asian-feed-importers-bought-black-sea-cereals-again.md) | +3.3% | -7.8% |

## Sources

- fas.scot: https://www.fas.scot/article/agribusiness-news-december-2024-cereals/

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