# Strategie Grains has lowered its forecast for EU wheat production

> Strategie Grains cut its 2024 EU soft wheat production forecast to 122.6 million tons, down from 122.7 million in January and 2.5% below last year's 125.8 million. It also trimmed EU barley to 53.1 million tons and raised the EU corn forecast to 64.0 million.

- Date: 2024-02-16 · published 2024-02-16T12:00:00.000Z
- Category: weather · region EU · magnitude medium
- Page: https://feedsoft.ai/events/31601-strategie-grains-has-lowered-its-forecast-for-eu-wheat-production
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Lower EU wheat output from rain-delayed planting tightens the export balance for feed and milling wheat, modestly supporting wheat prices and feed substitution demand.

## Read by commodity

- CORN: neutral
- WHEAT: bullish ▲
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-08-12 | [Strategie Grains Lowers Forecast For EU Wheat, Barley Harvests \| ESM Magazine](https://feedsoft.ai/events/45509-strategie-grains-lowers-forecast-for-eu-wheat-barley-harvests-esm-magazine.md) | +2.5% | +4.2% |
| WHEAT | 2017-08-08 | [Wheat production forecast down: NAB - Grain Central](https://feedsoft.ai/events/69415-wheat-production-forecast-down-nab-grain-central.md) | +0.5% | -0.8% |
| WHEAT | 2023-07-14 | [Strategie Grains cuts EU cereal crop forecasts again on weather toll](https://feedsoft.ai/events/34979-strategie-grains-cuts-eu-cereal-crop-forecasts-again-on-weather-toll.md) | +3.5% | +3.5% |
| WHEAT | 2020-09-24 | [Wheat prices rose because of lower production forecast for Argentina](https://feedsoft.ai/events/10435-wheat-prices-rose-because-of-lower-production-forecast-for-argentina.md) | +6.7% | +11.0% |
| WHEAT | 2018-07-25 | [Strategie Grains cuts EU soft wheat crop estimate to 6-year low \| The Western Producer](https://feedsoft.ai/events/63978-strategie-grains-cuts-eu-soft-wheat-crop-estimate-to-6-year-low-the-western.md) | -0.6% | -0.6% |
| CORN | 2023-06-13 | [Coceral cuts EU 27 soft wheat production forecast to last year’s level](https://feedsoft.ai/events/35422-coceral-cuts-eu-27-soft-wheat-production-forecast-to-last-year-s-level.md) | +0.9% | -7.3% |
| CORN | 2023-08-01 | [Tough summer hits EU grain production outlook - Grain Central](https://feedsoft.ai/events/34513-tough-summer-hits-eu-grain-production-outlook-grain-central.md) | -2.3% | -2.8% |
| CORN | 2017-07-12 | [2017 will see the lowest U.S. barley production on record](https://feedsoft.ai/events/70023-2017-will-see-the-lowest-u-s-barley-production-on-record.md) | -4.1% | -5.2% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/strategie-grains-has-lowered-its-forecast-for-eu-wheat-production/

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