World 2023 cereal production forecast up from last month; early prospects for 2024 point to limited area growth for wheat

After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.

• Jun 16, 2020Rebound in grain production lifts wheat forecast to 26.7Mt: ABARES - Grain Central+1.5%
• Sep 17, 2025France Updates Wheat and Corn Production Forecasts for 2025+0.4%
• Aug 11, 2025France raises wheat harvest forecast but expects corn production to decline-1.0%
• Jan 12, 2023Corn and soybean production down in 2022, USDA reports Corn stocks down, soybean stocks down from year earlier Winter Wheat Seedings up for 2023-0.6%
• Oct 4, 2022Winter wheat production in Northwest Region up 59 percent from last year - Morning Ag Clips-13.7%

After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.

• Oct 28, 2026Strong production seen for Argentina corn, wheat | World Grain-0.5%
• Oct 10, 2018Brazil corn production forecast higher | 2018-10-10 | World Grain+4.0%
• Nov 13, 2024USDA projects fewer acres, greater production ahead for US | World Grain-0.5%
• Oct 14, 2025Brazil adds to planted area, grains production | World Grain+0.9%
• May 18, 2021Corn Production Expected to Grow in 2021+0.7%

After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.

• Mar 22, 2021Canada’s oilseed production expected to increase 6% | World Grain-1.1%
• Feb 11, 2020USDA lifts wheat, soybean export forecasts | 2020-02-11 | World Grain+0.9%
• Aug 12, 2020India oilseed production forecast to rise+3.9%
• Feb 28, 2024The Amazon region in 2022 and 2023: deforestation, forest degradation and the risk of growing soy production - Joint Research Centre+0.8%
• Jul 30, 2020Argentina grain production dips | 2020-07-30 | World Grain-1.1%