# Grains and oilseeds: analysts caught out by weather - Mundus Agri

> Wheat traded firm as global supplies are judged sufficient and demand subdued, with Australia and Russia estimates raised. Tallage cut its EU production estimate by 2 million tons to 123 million, while uncertainty persists over Argentine and Brazilian corn and soybean crops.

- Date: 2024-01-26 · published 2024-01-26T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/32069-grains-and-oilseeds-analysts-caught-out-by-weather-mundus-agri
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Higher Australian and Russian supplies cap wheat gains, but the EU cut and South American weather uncertainty support corn and soymeal prices for feed buyers.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-08-30 | [U.S. grains: Corn, soy set one-week highs on weather concerns - AgCanada](https://feedsoft.ai/events/5702-u-s-grains-corn-soy-set-one-week-highs-on-weather-concerns-agcanada.md) | -2.8% | +0.9% |
| WHEAT | 2018-01-19 | [GRAIN MARKETS: Soybeans step higher on South American weather](https://feedsoft.ai/events/12099-grain-markets-soybeans-step-higher-on-south-american-weather.md) | +2.8% | +6.0% |
| WHEAT | 2023-06-16 | [Strategie Grains cuts EU cereal crop forecasts on weather woes](https://feedsoft.ai/events/35421-strategie-grains-cuts-eu-cereal-crop-forecasts-on-weather-woes.md) | +3.5% | -0.1% |
| WHEAT | 2021-01-21 | [Analyst Insight: The Brazilian Safrinha crop could drive global grain markets \| AHDB](https://feedsoft.ai/events/48974-analyst-insight-the-brazilian-safrinha-crop-could-drive-global-grain-markets.md) | +4.0% | +2.4% |
| WHEAT | 2018-05-08 | [Grain Markets Move Sharply Up or Down, Analyst Says](https://feedsoft.ai/events/7883-grain-markets-move-sharply-up-or-down-analyst-says.md) | -1.4% | +2.2% |
| CORN | 2019-09-16 | [Grains, oilseeds up, watching weather - Brownfield Ag News](https://feedsoft.ai/events/9442-grains-oilseeds-up-watching-weather-brownfield-ag-news.md) | +3.4% | +8.3% |
| CORN | 2019-05-14 | [Weather, China, carryout = grim grain markets - Farm and Dairy](https://feedsoft.ai/events/5737-weather-china-carryout-grim-grain-markets-farm-and-dairy.md) | +7.0% | +11.7% |
| CORN | 2021-04-28 | [Global weather driving price rises in grains and oilseeds: Feed market report \| AHDB](https://feedsoft.ai/events/9793-global-weather-driving-price-rises-in-grains-and-oilseeds-feed-market-report.md) | +4.4% | -7.3% |

## Sources

- mundus-agri.eu: https://www.mundus-agri.eu/news/grains-oilseeds-analysts-caught-weather.n32282.html

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