# Seasonal conditions | Agricultural Commodities

> An Agricultural Commodities analysis finds the 2023-24 global grain and oilseed production forecast slightly lower than in September, yet still above 2022-23. Downward revisions to wheat, oilseed and rice output, reflecting below-average rain and above-average temperatures, more than offset higher coarse grain production.

- Date: 2023-12-01 · published 2023-12-01T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/32484-seasonal-conditions-agricultural-commodities
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Rough Rice](https://feedsoft.ai/c/RICE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower wheat, oilseed and rice estimates tighten global supplies and support prices, partly offset by larger coarse grain output.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-04-09 | [USDA raises price estimates for several commodities \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/19801-usda-raises-price-estimates-for-several-commodities-agri-pulse-communications.md) | +3.1% | +0.1% |
| WHEAT | 2017-07-21 | [Poor seasonal conditions drop Australian wheat production \| World-grain.com \| July 21, 2017 15:25 \| World Grain](https://feedsoft.ai/events/69908-poor-seasonal-conditions-drop-australian-wheat-production-world-grain-com-july.md) | -2.7% | -0.3% |
| WHEAT | 2022-10-25 | [Commodities Overview Oct 2022 Edition - ADM Investor Services](https://feedsoft.ai/events/8069-commodities-overview-oct-2022-edition-adm-investor-services.md) | -5.1% | +3.4% |
| WHEAT | 2026-07-17 | [Commodities Overview \| July 2026 Edition - ADM Investor Services](https://feedsoft.ai/events/18277-commodities-overview-july-2026-edition-adm-investor-services.md) | +3.8% | +0.1% |
| WHEAT | 2019-03-18 | [USDA Agricultural Projections to 2028- Focus on Corn, Soybeans - Farm Policy News](https://feedsoft.ai/events/60114-usda-agricultural-projections-to-2028-focus-on-corn-soybeans-farm-policy-news.md) | +2.4% | +1.0% |
| SOY | 2022-12-01 | [Seasonal conditions \| Agricultural Commodities](https://feedsoft.ai/events/38153-seasonal-conditions-agricultural-commodities.md) | +0.2% | +2.7% |
| SOY | 2026-04-09 | [USDA raises price estimates for several commodities \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/19801-usda-raises-price-estimates-for-several-commodities-agri-pulse-communications.md) | +0.4% | +1.5% |
| SOY | 2022-10-25 | [Commodities Overview Oct 2022 Edition - ADM Investor Services](https://feedsoft.ai/events/8069-commodities-overview-oct-2022-edition-adm-investor-services.md) | +2.6% | +4.7% |

## Sources

- search.informit.org: https://search.informit.org/doi/10.3316/informit.523481973745312

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