# Wheat production, trade rising: IGC - Grain Central

> The IGC November report raised its 2019/20 world wheat and grain production, trade and consumption forecasts from October, though ending stocks remain below 2018/19. For 2020/21, wheat area is seen rising only about 1%, with Ukraine's area reported down sharply on dry weather.

- Date: 2019-11-22 · published 2019-11-22T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/55997-wheat-production-trade-rising-igc-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Higher current-year output is bearish, but a shrinking Ukrainian and largely below-average northern hemisphere wheat area for 2020/21 offers some support to prices.

## Read by commodity

- CORN: neutral
- WHEAT: neutral
- BARLEY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-07-30 | [India’s grain production remains strong \| World Grain](https://feedsoft.ai/events/29226-india-s-grain-production-remains-strong-world-grain.md) | +4.9% | -3.3% |
| WHEAT | 2020-11-06 | [India’s rice production on the rise \| 2020-11-06  \| World Grain](https://feedsoft.ai/events/50116-india-s-rice-production-on-the-rise-2020-11-06-world-grain.md) | +0.0% | -6.3% |
| WHEAT | 2021-12-06 | [Ag production value, volume soar to historic heights: ABARES - Grain Central](https://feedsoft.ai/events/43531-ag-production-value-volume-soar-to-historic-heights-abares-grain-central.md) | -0.7% | -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% |
| CORN | 2024-03-22 | [Mexico’s corn production on rise \| World Grain](https://feedsoft.ai/events/31183-mexico-s-corn-production-on-rise-world-grain.md) | -1.2% | -6.5% |
| CORN | 2021-12-10 | [Rising concentration in China’s swine production capacity - European Pork \| European Pork, the Smart Choice](https://feedsoft.ai/events/43577-rising-concentration-in-china-s-swine-production-capacity-european-pork.md) | -0.3% | -0.8% |
| CORN | 2024-07-12 | [Wheat Gets Hit Hard Following July WASDE, Sharp Production Gains](https://feedsoft.ai/events/29206-wheat-gets-hit-hard-following-july-wasde-sharp-production-gains.md) | -2.4% | -2.7% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/wheat-production-trade-rising-igc/

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