# Seasonal conditions | Agricultural Commodities

> An Agricultural Commodities outlook says global grain and oilseed production in 2023-24 is forecast to be 2% higher than 2022-23. The increase reflects better seasonal conditions in Argentina and the United States after La Niña-driven dryness the previous year. Wheat and coarse grain production forecasts were revised up, while rice was revised down.

- Date: 2024-03-01 · published 2024-03-01T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/31123-seasonal-conditions-agricultural-commodities
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher global grain and oilseed output adds to supply and tends to weigh on feed grain and oilseed meal prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-12-01 | [Seasonal conditions \| Agricultural Commodities](https://feedsoft.ai/events/21413-seasonal-conditions-agricultural-commodities.md) | +0.3% | +0.3% |
| CORN | 2016-07-20 | [Chicago agricultural commodities slide on high crop ratings_Xinhua Finance Agency](https://feedsoft.ai/events/7422-chicago-agricultural-commodities-slide-on-high-crop-ratings-xinhua-finance.md) | -1.6% | -4.1% |
| CORN | 2017-03-03 | [Agricultural Policy Analysis Center](https://feedsoft.ai/events/72027-agricultural-policy-analysis-center.md) | -3.2% | -2.8% |
| CORN | 2024-04-16 | [USDA predicts lower crop prices for key commodities in 2024 \| Agriculture Dive](https://feedsoft.ai/events/30684-usda-predicts-lower-crop-prices-for-key-commodities-in-2024-agriculture-dive.md) | -0.3% | +3.3% |
| CORN | 2023-11-27 | [Commodities Overview Nov 2023 Edition - ADM Investor Services](https://feedsoft.ai/events/7871-commodities-overview-nov-2023-edition-adm-investor-services.md) | -0.8% | +0.4% |
| SOY | 2025-12-01 | [Seasonal conditions \| Agricultural Commodities](https://feedsoft.ai/events/21413-seasonal-conditions-agricultural-commodities.md) | -2.9% | -7.8% |
| SOY | 2024-09-01 | [Seasonal conditions \| Agricultural Commodities](https://feedsoft.ai/events/28236-seasonal-conditions-agricultural-commodities.md) | +1.8% | +7.6% |
| SOY | 2016-07-20 | [Chicago agricultural commodities slide on high crop ratings_Xinhua Finance Agency](https://feedsoft.ai/events/7422-chicago-agricultural-commodities-slide-on-high-crop-ratings-xinhua-finance.md) | -4.8% | -2.3% |

## Sources

- search.informit.org: https://search.informit.org/doi/10.3316/informit.T2024032900000400016318295

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