# A glimpse into the new wheat season – a global perspective

> RaboResearch outlines the 2023 wheat picture: US wheat area rose 9% to a seven-year high, but dryness has hurt winter wheat and a late spring affects spring wheat. Canadian area is slightly higher, EU crop is in good shape, and Black Sea and Australian output are expected to fall in the next cycle.

- Date: 2023-04-30 · published 2023-04-30T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/36462-a-glimpse-into-the-new-wheat-season-a-global-perspective
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Lower expected Black Sea and Australian production in 2023/24 supports the export outlook and could firm prices relative to the current bearish trend.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-04-18 | [New Season Wheat Yield In The EU To Grow](https://feedsoft.ai/events/71428-new-season-wheat-yield-in-the-eu-to-grow.md) | +1.0% | -0.1% |
| WHEAT | 2024-09-24 | [How sustainable is wheat price recovery? \| Global Perspective \| The Land \| NSW](https://feedsoft.ai/events/5607-how-sustainable-is-wheat-price-recovery-global-perspective-the-land-nsw.md) | +0.3% | -6.2% |
| WHEAT | 2018-07-17 | [Global wheat crop set to tumble  \| The Land \| NSW](https://feedsoft.ai/events/63985-global-wheat-crop-set-to-tumble-the-land-nsw.md) | +2.9% | +2.4% |
| WHEAT | 2017-03-02 | [Global wheat production projected to drop - Brownfield Ag News](https://feedsoft.ai/events/72051-global-wheat-production-projected-to-drop-brownfield-ag-news.md) | -0.0% | +0.2% |
| WHEAT | 2020-07-14 | [Global wheat production on the decline - Grain Central](https://feedsoft.ai/events/52052-global-wheat-production-on-the-decline-grain-central.md) | +0.4% | -1.8% |
| KWHEAT | 2017-04-18 | [New Season Wheat Yield In The EU To Grow](https://feedsoft.ai/events/71428-new-season-wheat-yield-in-the-eu-to-grow.md) | -3.5% | +2.9% |
| KWHEAT | 2017-03-02 | [Global wheat production projected to drop - Brownfield Ag News](https://feedsoft.ai/events/72051-global-wheat-production-projected-to-drop-brownfield-ag-news.md) | -1.8% | -9.0% |
| KWHEAT | 2020-07-14 | [Global wheat production on the decline - Grain Central](https://feedsoft.ai/events/52052-global-wheat-production-on-the-decline-grain-central.md) | -1.2% | -6.0% |

## Sources

- sfs.org.au: https://sfs.org.au/article/a-glimpse-into-the-new-wheat-season-a-global-perspective

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