# Global wheat surplus shrunk by IGC: Grain Market Daily | AHDB

> The International Grains Council cut its 2020/21 global wheat production forecast by 5.6Mt to 762.0Mt, leaving a 12.1Mt surplus. Reductions were made for the EU, US, Russia and Argentina, while stocks are still expected to rise, mainly in China and India.

- Date: 2020-07-24 · published 2020-07-24T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/52147-global-wheat-surplus-shrunk-by-igc-grain-market-daily-ahdb
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A smaller projected world wheat surplus removes some bearish supply pressure, supporting wheat prices, though large stocks outside exporting countries limit the rally.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: neutral
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-10-24 | [Tighter wheat and barley balance sheets in 2024/25: Grain market daily \| AHDB](https://feedsoft.ai/events/27936-tighter-wheat-and-barley-balance-sheets-in-2024-25-grain-market-daily-ahdb.md) | +0.3% | -1.4% |
| WHEAT | 2021-10-01 | [UK harvest reviewed as US stock reports pushes global wheat higher: Grain market daily \| AHDB](https://feedsoft.ai/events/11319-uk-harvest-reviewed-as-us-stock-reports-pushes-global-wheat-higher-grain-market.md) | +5.1% | +8.6% |
| WHEAT | 2024-06-28 | [Canadian wheat and barley areas fall: Grain market daily \| AHDB](https://feedsoft.ai/events/29833-canadian-wheat-and-barley-areas-fall-grain-market-daily-ahdb.md) | -2.2% | +3.1% |
| WHEAT | 2021-04-30 | [High new-crop UK wheat prices, what can be done? Grain Market Daily \| AHDB](https://feedsoft.ai/events/7703-high-new-crop-uk-wheat-prices-what-can-be-done-grain-market-daily-ahdb.md) | -5.5% | -5.0% |
| WHEAT | 2019-01-25 | [IGC updates global grain supply situation - wheat](https://feedsoft.ai/events/61036-igc-updates-global-grain-supply-situation-wheat.md) | -0.2% | -2.9% |
| KWHEAT | 2024-06-12 | [Tighter Black Sea wheat supplies disrupt global export market \| Feed & Grain](https://feedsoft.ai/events/14292-tighter-black-sea-wheat-supplies-disrupt-global-export-market-feed-and-grain.md) | -8.3% | -9.7% |
| KWHEAT | 2018-06-27 | [Daily Market Wire 29 June 2018 - Grain Central](https://feedsoft.ai/events/8585-daily-market-wire-29-june-2018-grain-central.md) | +0.9% | +18.1% |
| KWHEAT | 2020-06-30 | [Daily Market Wire 30 June 2020 - Grain Central](https://feedsoft.ai/events/52723-daily-market-wire-30-june-2020-grain-central.md) | +1.7% | +1.9% |

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/global-wheat-surplus-shrunk-by-igc-grain-market-daily

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