# Southern Hemisphere weather watch for wheat market sentiment: Grain Market Daily - Supply Chain Council of European Union | Scceu.org

> The IGC raised its 2020/21 global grain production forecast by 5Mt to 2230Mt, with higher wheat and coarse grain output. The EU Commission cut its common wheat estimate to 113.5Mt, and Australia's Bureau of Meteorology upgraded its La Niña alert, with Argentina already dealing with drought.

- Date: 2020-08-30 · published 2020-08-30T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/51520-southern-hemisphere-weather-watch-for-wheat-market-sentiment-grain-market-daily
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A lower EU wheat crop and La Niña risks in Argentina and Australia tighten wheat supply expectations, supporting wheat prices despite the larger global total.

## Read by commodity

- CORN: neutral
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-04-10 | [Heavy rains impact European crop conditions: Grain market daily \| AHDB](https://feedsoft.ai/events/30698-heavy-rains-impact-european-crop-conditions-grain-market-daily-ahdb.md) | -0.4% | -0.3% |
| WHEAT | 2021-04-23 | [Farming News - ADM Wheat & OSR Market Report - dry weather causes concern in key N Hemisphere wheat growing regions](https://feedsoft.ai/events/47651-farming-news-adm-wheat-and-osr-market-report-dry-weather-causes-concern-in-key.md) | +3.2% | -0.2% |
| WHEAT | 2024-07-11 | [La Niña weather event could return during summer 2024: Grain market daily \| AHDB](https://feedsoft.ai/events/29167-la-nina-weather-event-could-return-during-summer-2024-grain-market-daily-ahdb.md) | -3.5% | -2.6% |
| WHEAT | 2020-04-17 | [French crop conditions dip amid dry weather: Grain Market Daily \| AHDB](https://feedsoft.ai/events/53576-french-crop-conditions-dip-amid-dry-weather-grain-market-daily-ahdb.md) | -1.4% | -1.8% |
| WHEAT | 2019-12-31 | [Contrasting soil moisture picture between East and Western Europe: Grain Market Daily \| AHDB](https://feedsoft.ai/events/55526-contrasting-soil-moisture-picture-between-east-and-western-europe-grain-market.md) | +0.6% | -2.3% |
| KWHEAT | 2020-05-26 | [Wheat production concerns in Europe spook markets - Grain Central](https://feedsoft.ai/events/53054-wheat-production-concerns-in-europe-spook-markets-grain-central.md) | +4.0% | -3.0% |
| KWHEAT | 2024-04-26 | [Dry Russian winter wheat areas in focus: Grain market daily \| AHDB](https://feedsoft.ai/events/12145-dry-russian-winter-wheat-areas-in-focus-grain-market-daily-ahdb.md) | +0.8% | +12.5% |
| KWHEAT | 2025-09-16 | [Daily Market Wire 17 September 2025 - Grain Central](https://feedsoft.ai/events/7569-daily-market-wire-17-september-2025-grain-central.md) | -2.3% | -6.4% |

## Sources

- scceu.org: https://scceu.org/southern-hemisphere-weather-watch-for-wheat-market-sentiment-grain-market-daily/

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