# Coceral cuts EU 27 soft wheat production forecast to last year’s level

> Coceral cut its EU-27 soft wheat forecast to 127.3 million tonnes from 129.5 million and barley to 49.47 million tonnes. Corn was revised up to 61.1 million tonnes, and dry weather in northern EU was the cited cause.

- Date: 2023-06-13 · published 2023-06-13T12:00:00.000Z
- Category: weather · region EU · magnitude medium
- Page: https://feedsoft.ai/events/35422-coceral-cuts-eu-27-soft-wheat-production-forecast-to-last-year-s-level
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower barley and wheat output in the EU reduces exportable supply and supports feed grain values, while the corn revision offsets some tightness.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2018-06-13 | [Australia cuts wheat production forecast \| World-grain.com \| June 12, 2018 20:28 \| World Grain](https://feedsoft.ai/events/64493-australia-cuts-wheat-production-forecast-world-grain-com-june-12-2018-20-28.md) | -2.0% | -8.2% |
| WHEAT | 2024-02-16 | [Strategie Grains has lowered its forecast for EU wheat production](https://feedsoft.ai/events/31601-strategie-grains-has-lowered-its-forecast-for-eu-wheat-production.md) | +1.0% | -4.6% |
| WHEAT | 2018-06-19 | [Wheat production forecasts diminishing \| The Land \| NSW](https://feedsoft.ai/events/64495-wheat-production-forecasts-diminishing-the-land-nsw.md) | -0.7% | -3.1% |
| 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 | 2024-02-16 | [Strategie Grains has lowered its forecast for EU wheat production](https://feedsoft.ai/events/31601-strategie-grains-has-lowered-its-forecast-for-eu-wheat-production.md) | +0.5% | +4.8% |
| 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/coceral-cuts-eu-27-soft-wheat-production-forecast-to-last-years-level/

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