# Global demand exceeds crop supply, says economist | The Western Producer

> Nutrien chief economist Jason Newton told an IFMA congress in Saskatoon that global stocks-to-use for major crops excluding China has trended down since 2018. He cited four years of below-trend yields, weather, and low fertilizer application, and said China is expected to move into a 49 million tonne grain deficit in 2024.

- Date: 2024-07-12 · published 2024-07-12T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/29600-global-demand-exceeds-crop-supply-says-economist-the-western-producer
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tightening global grain stocks and rising biofuel demand support crop prices, which lifts the cost of feed grains and protein for buyers.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-09-29 | [Strong domestic demand in Brazil will require more of the second corn crop in 2026](https://feedsoft.ai/events/13473-strong-domestic-demand-in-brazil-will-require-more-of-the-second-corn-crop-in.md) | -1.8% | -1.5% |
| CORN | 2022-04-26 | [Pork Producer Margins This Year Could Rival 2021, CoBank Says - Pork Business](https://feedsoft.ai/events/41998-pork-producer-margins-this-year-could-rival-2021-cobank-says-pork-business.md) | -5.4% | -0.4% |
| CORN | 2024-09-20 | [Bullish macro-economic environment and hot U.S. finishing weather boost CBOT prices – ProAgri Media](https://feedsoft.ai/events/5605-bullish-macro-economic-environment-and-hot-u-s-finishing-weather-boost-cbot.md) | +0.0% | -0.9% |
| CORN | 2018-06-04 | [FoodFarmNews: China’s pig farmers plan to produce mega hog-farms to meet demands of world’s biggest pork market](https://feedsoft.ai/events/64512-foodfarmnews-china-s-pig-farmers-plan-to-produce-mega-hog-farms-to-meet-demands.md) | -2.0% | -7.4% |
| CORN | 2018-01-24 | [Dollar tanks the most in 10 months after Mnuchin says weak dollar is good](https://feedsoft.ai/events/10401-dollar-tanks-the-most-in-10-months-after-mnuchin-says-weak-dollar-is-good.md) | +1.0% | +1.6% |
| WHEAT | 2024-08-27 | [Grains, demand & supply \| ANZ](https://feedsoft.ai/events/28839-grains-demand-and-supply-anz.md) | +4.1% | +15.8% |
| WHEAT | 2024-09-30 | [Wheat Supply Lowered: Impact of China's Economic Stimulus](https://feedsoft.ai/events/28352-wheat-supply-lowered-impact-of-china-s-economic-stimulus.md) | +0.6% | -6.3% |
| WHEAT | 2024-09-20 | [Bullish macro-economic environment and hot U.S. finishing weather boost CBOT prices – ProAgri Media](https://feedsoft.ai/events/5605-bullish-macro-economic-environment-and-hot-u-s-finishing-weather-boost-cbot.md) | +11.5% | +6.1% |

## Sources

- producer.com: https://www.producer.com/markets/global-demand-exceeds-crop-supply-says-economist/

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