# Wheat prices to increase slightly, coarse grains unchanged: ABARES - Grain Central

> ABARES' March quarter report forecasts the world wheat indicator price to average US$225 per tonne in 2020-21, up from US$220. The increase reflects lower wheat output expected in the Black Sea, EU and US, while world wheat production is forecast to rise to about 766 million tonnes.

- Date: 2020-03-03 · published 2020-03-03T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/54101-wheat-prices-to-increase-slightly-coarse-grains-unchanged-abares-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower production in major exporting regions tightens global wheat balances and supports prices, although the forecast gain is modest.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-07-13 | [Global wheat prices soften in June: USDA - Grain Central](https://feedsoft.ai/events/52172-global-wheat-prices-soften-in-june-usda-grain-central.md) | -0.4% | -1.3% |
| WHEAT | 2018-06-19 | [Wheat/barley price prospects on the rise; oilseeds to fall: ABARES - Grain Central](https://feedsoft.ai/events/64497-wheat-barley-price-prospects-on-the-rise-oilseeds-to-fall-abares-grain-central.md) | -0.7% | -3.1% |
| WHEAT | 2019-03-04 | [Upside to cereal prices; oilseeds hold steady: ABARES - Grain Central](https://feedsoft.ai/events/60033-upside-to-cereal-prices-oilseeds-hold-steady-abares-grain-central.md) | +0.7% | +5.2% |
| WHEAT | 2023-10-09 | [Lower prices, dry conditions depress farm incomes: ABARES - Grain Central](https://feedsoft.ai/events/33571-lower-prices-dry-conditions-depress-farm-incomes-abares-grain-central.md) | +5.3% | +5.3% |
| WHEAT | 2017-07-03 | [World crop outlook breathes life into wheat prices - Grain Central](https://feedsoft.ai/events/6179-world-crop-outlook-breathes-life-into-wheat-prices-grain-central.md) | -0.1% | +1.9% |

## Sources

- graincentral.com: https://www.graincentral.com/news/wheat-prices-to-increase-slightly-coarse-grains-unchanged-abares/

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