# 2023 wheat harvest forecast:  Still challenges for importing countries! | Miller Magazine

> The Miller Magazine article summarizes the IGC's first 2023/24 wheat forecast of 787m t, about 2% lower year on year but still above average. Cumulative output in eight major exporters is seen 14m t lower at 387m t, and carryover stocks are forecast to tighten.

- Date: 2023-04-01 · published 2023-04-01T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/36338-2023-wheat-harvest-forecast-still-challenges-for-importing-countries-miller
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A slightly smaller world wheat crop with tightening stocks supports prices, though the output remains ample relative to demand.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-09-29 | [COCERAL lowers forecast for EU grain harvest \| Miller Magazine](https://feedsoft.ai/events/39524-coceral-lowers-forecast-for-eu-grain-harvest-miller-magazine.md) | +0.7% | -10.7% |
| WHEAT | 2021-06-24 | [EU trims 2021/22 wheat harvest and stocks forecasts - Markets - Business Recorder](https://feedsoft.ai/events/46520-eu-trims-2021-22-wheat-harvest-and-stocks-forecasts-markets-business-recorder.md) | -0.1% | -3.6% |
| WHEAT | 2021-08-04 | [France Lowers Wheat Crop Forecast \| ESM Magazine](https://feedsoft.ai/events/45505-france-lowers-wheat-crop-forecast-esm-magazine.md) | -2.7% | +0.3% |
| WHEAT | 2026-10-23 | [UK wheat and barley supplies tighten after challenging 2026 harvest - Farmers Guide](https://feedsoft.ai/events/17155-uk-wheat-and-barley-supplies-tighten-after-challenging-2026-harvest-farmers.md) | -0.6% | — |
| WHEAT | 2024-06-13 | [Strategie Grains cuts EU wheat crop forecast as harvesting starts - AgCanada](https://feedsoft.ai/events/29698-strategie-grains-cuts-eu-wheat-crop-forecast-as-harvesting-starts-agcanada.md) | -2.1% | -3.6% |
| KWHEAT | 2026-07-10 | [USDA forecasts smallest wheat harvest since 1970 \| Farmtario](https://feedsoft.ai/events/18275-usda-forecasts-smallest-wheat-harvest-since-1970-farmtario.md) | +11.6% | +9.0% |
| KWHEAT | 2022-09-30 | [UPDATE 1-U.S. Wheat Harvest Falls Below Forecasts; Prices Rally](https://feedsoft.ai/events/39630-update-1-u-s-wheat-harvest-falls-below-forecasts-prices-rally.md) | -0.2% | -3.6% |
| KWHEAT | 2021-09-30 | [U.S. wheat stocks fall after harvest shortfalls](https://feedsoft.ai/events/45038-u-s-wheat-stocks-fall-after-harvest-shortfalls.md) | +4.7% | +10.0% |

## Sources

- millermagazine.com: https://millermagazine.com/blog/2023-wheat-harvest-forecast-still-challenges-for-importing-countries-5104

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