# Wheat Supply Lowered: Impact of China's Economic Stimulus

> Euronext December wheat settled at €220.5/t, with Black Sea competition weighing on prices. China announced monetary stimulus including a 50 basis point reserve requirement cut and a 1 trillion yuan injection, which lifted broader commodities. Black Sea winter wheat faces 60 days without significant rain.

- Date: 2024-09-30 · published 2024-09-30T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/28352-wheat-supply-lowered-impact-of-china-s-economic-stimulus
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Dry Black Sea conditions support wheat prices, while China's stimulus may bring fund buying into commodities more broadly.

## Read by commodity

- CORN: neutral
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-12-15 | [U.S. soybean futures fall; corn, wheat firm with focus on economy \| Reuters](https://feedsoft.ai/events/5520-u-s-soybean-futures-fall-corn-wheat-firm-with-focus-on-economy-reuters.md) | -1.1% | -3.8% |
| WHEAT | 2024-07-12 | [Global demand exceeds crop supply, says economist \| The Western Producer](https://feedsoft.ai/events/29600-global-demand-exceeds-crop-supply-says-economist-the-western-producer.md) | -3.9% | -2.9% |
| WHEAT | 2020-03-23 | [Feedgrain Focus: Exports, weaker $A lift values - Supply Chain Council of European Union \| Scceu.org](https://feedsoft.ai/events/54243-feedgrain-focus-exports-weaker-a-lift-values-supply-chain-council-of-european.md) | -6.6% | -4.4% |
| WHEAT | 2018-08-02 | [Australian volume needed as Asia seeks extra 20Mt of wheat - Grain Central](https://feedsoft.ai/events/63425-australian-volume-needed-as-asia-seeks-extra-20mt-of-wheat-grain-central.md) | +3.5% | +1.5% |
| WHEAT | 2020-03-18 | [U.S. corn skids 2.2% to lowest level since September 2016; wheat, soy rise \| Financial Post](https://feedsoft.ai/events/8374-u-s-corn-skids-2-2-to-lowest-level-since-september-2016-wheat-soy-rise.md) | -5.7% | -1.5% |
| CORN | 2022-12-15 | [U.S. soybean futures fall; corn, wheat firm with focus on economy \| Reuters](https://feedsoft.ai/events/5520-u-s-soybean-futures-fall-corn-wheat-firm-with-focus-on-economy-reuters.md) | +2.2% | +4.0% |
| CORN | 2019-09-06 | [China cuts reserve ratio as it boosts stimulus amid trade woes \| The National](https://feedsoft.ai/events/57295-china-cuts-reserve-ratio-as-it-boosts-stimulus-amid-trade-woes-the-national.md) | -1.8% | +3.3% |
| CORN | 2019-09-20 | [China cuts new loan rate for second month but struggling economy likely needs more](https://feedsoft.ai/events/57291-china-cuts-new-loan-rate-for-second-month-but-struggling-economy-likely-needs.md) | +1.7% | +4.4% |

## Sources

- expanamarkets.com: https://www.expanamarkets.com/insights/article/wheat-supply-lowered/

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