# Agribusiness News October 2024 - Cereals & Oilseeds | Helping farmers in Scotland

> A Scottish agribusiness outlook says the EU/Black Sea harvest is down about 20.5 Mt year on year, while North American and Canadian output is up 16.5 Mt. It cites French wheat possibly at its lowest since 1984 and German wheat down 15%, while the Nov wheat futures price remains fragile.

- Date: 2024-09-30 · published 2024-09-30T12:00:00.000Z
- Category: report · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/28375-agribusiness-news-october-2024-cereals-and-oilseeds-helping-farmers-in-scotland
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

Lower European and Black Sea crops are offset by larger North American supplies, leaving wheat prices fragile and feed grain balances mixed for buyers.

## Read by commodity

- OATS: neutral
- WHEAT: neutral
- BARLEY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-10-11 | [OCTOBER 2024 WASDE REPORT SUMMARY AND NOTES: - CIH](https://feedsoft.ai/events/27806-october-2024-wasde-report-summary-and-notes-cih.md) | -0.5% | -1.5% |
| WHEAT | 2022-06-20 | [Farmers in Rio Grande do Sul Increasing Small Grain Acreage 20.06.2022 - UkrAgroConsult](https://feedsoft.ai/events/41000-farmers-in-rio-grande-do-sul-increasing-small-grain-acreage-20-06-2022.md) | -2.9% | -14.0% |
| WHEAT | 2017-06-30 | [USDA Reports Spark Market Rally and Opportunity for Growers \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/70551-usda-reports-spark-market-rally-and-opportunity-for-growers-iowa-agribusiness.md) | +1.3% | -3.7% |
| WHEAT | 2020-11-24 | [MARS: Sowing of winter cereals in the EU usually](https://feedsoft.ai/events/50100-mars-sowing-of-winter-cereals-in-the-eu-usually.md) | -1.0% | +8.3% |
| WHEAT | 2017-04-13 | [France produced almost one quarter of cereals in the EU - Products Eurostat News - Eurostat](https://feedsoft.ai/events/71441-france-produced-almost-one-quarter-of-cereals-in-the-eu-products-eurostat-news.md) | -1.5% | +1.7% |
| OATS | 2023-03-03 | [Grain Council Report October 2022 - Irish Farmers' Association](https://feedsoft.ai/events/36912-grain-council-report-october-2022-irish-farmers-association.md) | +1.9% | +10.2% |
| OATS | 2022-06-20 | [Farmers in Rio Grande do Sul Increasing Small Grain Acreage 20.06.2022 - UkrAgroConsult](https://feedsoft.ai/events/41000-farmers-in-rio-grande-do-sul-increasing-small-grain-acreage-20-06-2022.md) | -6.8% | -27.9% |
| OATS | 2018-11-17 | [Positives and negatives both loom in cereal outlook - AgCanada](https://feedsoft.ai/events/11724-positives-and-negatives-both-loom-in-cereal-outlook-agcanada.md) | -6.9% | -3.8% |

## Sources

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

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