# Crop forecasts and trade issues put grain prices under pressure - Farmers Weekly

> New-crop grain futures fell to contract lows on 13 May 2019 after the USDA's first new-crop estimates showed record global wheat and maize supply. London's November 2019 feed wheat contract closed at £141/t, well below its late-July 2018 high of £179.4/t. Larger Black Sea and EU barley crops are also expected to raise export competition.

- Date: 2019-05-14 · published 2019-05-14T12:00:00.000Z
- Category: report · region Global · magnitude high
- Page: https://feedsoft.ai/events/5735-crop-forecasts-and-trade-issues-put-grain-prices-under-pressure-farmers-weekly
- 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

Record global supplies and rising stocks point to continued downward pressure on feed grain prices and increased competition for export markets in the Middle East and North Africa.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-08-29 | [Analysis: Grain prices unlikely to rise in next few months - Farmers Weekly](https://feedsoft.ai/events/5700-analysis-grain-prices-unlikely-to-rise-in-next-few-months-farmers-weekly.md) | -3.2% | +0.5% |
| WHEAT | 2020-06-10 | [Winter crop production forecast to jump 53pc: ABARES - Grain Central](https://feedsoft.ai/events/52588-winter-crop-production-forecast-to-jump-53pc-abares-grain-central.md) | -1.1% | -5.3% |
| WHEAT | 2022-12-05 | [ABARES forecasts record wheat, canola crops - Grain Central](https://feedsoft.ai/events/38213-abares-forecasts-record-wheat-canola-crops-grain-central.md) | -9.5% | -0.8% |
| WHEAT | 2024-07-10 | [Australian winter crops forecast to increase by 9% in 2024/25 \| Farm Weekly \| WA](https://feedsoft.ai/events/29199-australian-winter-crops-forecast-to-increase-by-9-in-2024-25-farm-weekly-wa.md) | -4.1% | -2.7% |
| WHEAT | 2024-02-25 | [Wheat, feed grains and oilseeds prices under pressure as global supply builds \| Queensland Country Life \| QLD](https://feedsoft.ai/events/8028-wheat-feed-grains-and-oilseeds-prices-under-pressure-as-global-supply-builds.md) | -4.4% | -4.2% |
| CORN | 2019-08-29 | [Analysis: Grain prices unlikely to rise in next few months - Farmers Weekly](https://feedsoft.ai/events/5700-analysis-grain-prices-unlikely-to-rise-in-next-few-months-farmers-weekly.md) | -3.0% | +1.1% |
| CORN | 2022-08-31 | [CBOT weekly outlook: Harvest, crop conditions pressuring prices - Grainews](https://feedsoft.ai/events/40077-cbot-weekly-outlook-harvest-crop-conditions-pressuring-prices-grainews.md) | -2.0% | -3.7% |
| CORN | 2023-11-16 | [Large U.S. corn crop to put pressure on feed barley prices](https://feedsoft.ai/events/33260-large-u-s-corn-crop-to-put-pressure-on-feed-barley-prices.md) | +0.0% | -2.2% |

## Sources

- fwi.co.uk: https://www.fwi.co.uk/business/markets-and-trends/crop-prices/crop-forecasts-and-trade-issues-put-grain-prices-under-pressure

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