# Grain: global production estimates sharply revised - Mundus Agri

> New wheat and corn export and production estimates for the Black Sea region and EU were released alongside revised IGC production figures. Russia has exported 20.7 million tonnes of wheat so far, and Egypt's GASC bought 175,000 tonnes of Russian wheat at $262/t CFR.

- Date: 2020-11-27 · published 2020-11-27T12:00:00.000Z
- Category: report · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/50011-grain-global-production-estimates-sharply-revised-mundus-agri
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Revised production estimates and Russian export pace, with fears of export quotas and tariffs, shape global wheat and corn balance expectations and can move prices as the market shifts focus to 2021.

## Read by commodity

- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-12-02 | [Statistics Canada Revises Crop Production Estimates](https://feedsoft.ai/events/38196-statistics-canada-revises-crop-production-estimates.md) | -9.7% | -1.7% |
| WHEAT | 2021-11-26 | [Wheat estimates climb ahead of ABARES' revision - Grain Central](https://feedsoft.ai/events/44020-wheat-estimates-climb-ahead-of-abares-revision-grain-central.md) | -0.8% | -3.5% |
| WHEAT | 2020-10-01 | [Global wheat and maize production overview: Grain Market Daily \| AHDB](https://feedsoft.ai/events/50579-global-wheat-and-maize-production-overview-grain-market-daily-ahdb.md) | +2.1% | +3.5% |
| WHEAT | 2017-11-28 | [Factors Influencing Global Grain Production – Lakeview Grains, LLC](https://feedsoft.ai/events/67814-factors-influencing-global-grain-production-lakeview-grains-llc.md) | +3.7% | +0.7% |
| WHEAT | 2022-09-08 | [Major Nation Production Updates - Graintab](https://feedsoft.ai/events/39519-major-nation-production-updates-graintab.md) | -0.1% | +6.0% |
| CORN | 2024-10-14 | [USDA adjusts global grain production forecasts \| Feed & Grain](https://feedsoft.ai/events/27918-usda-adjusts-global-grain-production-forecasts-feed-and-grain.md) | -1.8% | +1.8% |
| CORN | 2022-01-26 | [Milk production estimates remain unchanged for first time in 6 months](https://feedsoft.ai/events/43136-milk-production-estimates-remain-unchanged-for-first-time-in-6-months.md) | +3.6% | +10.1% |
| CORN | 2024-04-03 | [Anatomy of a fall in global feed production](https://feedsoft.ai/events/30854-anatomy-of-a-fall-in-global-feed-production.md) | -0.7% | -0.9% |

## Sources

- mundus-agri.eu: https://www.mundus-agri.eu/news/grain-global-production-estimates-sharply-revised.n24773.html

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