# Global Ag News for Sept 27.24 - ADM Investor Services

> Russia's IKAR consultancy cut its 2024 wheat crop forecast to 81.8 million tonnes from 82.2 million and its grain crop forecast to 124.5 million tonnes. The main cause was crop damage in eastern Russia from waterlogged soil, and IKAR kept its 2024/25 wheat export forecast at 44 million tonnes.

- Date: 2024-09-27 · published 2024-09-27T12:00:00.000Z
- Category: weather · region Russia · magnitude medium
- Page: https://feedsoft.ai/events/28355-global-ag-news-for-sept-27-24-adm-investor-services
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A smaller Russian crop reduces the cheapest Black Sea export supply and supports global wheat prices, though unchanged export forecasts limit the upside.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-09-19 | [Global Ag News for Sept 19.23 - ADM Investor Services](https://feedsoft.ai/events/34184-global-ag-news-for-sept-19-23-adm-investor-services.md) | -1.6% | -1.9% |
| WHEAT | 2024-07-09 | [Global Ag News for July 9.24 - ADM Investor Services](https://feedsoft.ai/events/11198-global-ag-news-for-july-9-24-adm-investor-services.md) | -4.0% | -2.8% |
| WHEAT | 2024-07-29 | [Global Ag News for July 30.24 - ADM Investor Services](https://feedsoft.ai/events/13561-global-ag-news-for-july-30-24-adm-investor-services.md) | -4.2% | -6.9% |
| WHEAT | 2023-06-15 | [Global Ag News for June 15.23 - ADM Investor Services](https://feedsoft.ai/events/6887-global-ag-news-for-june-15-23-adm-investor-services.md) | +4.2% | +0.3% |
| WHEAT | 2024-04-23 | [Higher Wheat Futures on Weather - ADM Investor Services](https://feedsoft.ai/events/12143-higher-wheat-futures-on-weather-adm-investor-services.md) | -1.3% | +22.1% |

## Sources

- admis.com: https://www.admis.com/global-ag-news-for-sept-27-24/

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