# Grain markets: Bearish news pushes markets lower | Queensland Country Life | QLD

> The IGC's first full 2019-20 supply and demand forecast projects global wheat output rising to 759 million tonnes, up 24 million. Closing wheat and coarse grain stocks are forecast to fall 29 million tonnes to 575 million, mainly due to corn.

- Date: 2019-04-01 · published 2019-04-01T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/59527-grain-markets-bearish-news-pushes-markets-lower-queensland-country-life-qld
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Projected stock drawdown from higher consumption tightens the balance sheet, which is supportive for feed grain prices, though the production increase offsets part of the concern.

## Read by commodity

- CORN: bullish ▲
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-05-20 | [Wheat futures bounce back \| Queensland Country Life \| QLD](https://feedsoft.ai/events/5634-wheat-futures-bounce-back-queensland-country-life-qld.md) | +10.5% | +9.7% |
| WHEAT | 2017-03-10 | [Crops lower in wake of bearish USDA report](https://feedsoft.ai/events/8404-crops-lower-in-wake-of-bearish-usda-report.md) | +0.8% | +0.4% |
| WHEAT | 2017-05-10 | [Not bearish, neutral to friendly – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/70937-not-bearish-neutral-to-friendly-ohio-ag-net-ohio-s-country-journal.md) | -2.4% | +0.5% |
| WHEAT | 2021-11-08 | [November WASDE neutral to bullish for grains - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/44005-november-wasde-neutral-to-bullish-for-grains-agweek-1-source-for-agriculture.md) | -1.8% | -2.2% |
| WHEAT | 2026-06-11 | [COCERAL revises EU grains output lower \| World Grain](https://feedsoft.ai/events/18756-coceral-revises-eu-grains-output-lower-world-grain.md) | +4.2% | +1.7% |
| CORN | 2019-05-20 | [Wheat futures bounce back \| Queensland Country Life \| QLD](https://feedsoft.ai/events/5634-wheat-futures-bounce-back-queensland-country-life-qld.md) | +3.2% | +10.8% |
| CORN | 2022-08-12 | [Grain markets hit turbulence, after key report ups wheat supply hopes, but slashes corn - Grain Price News](https://feedsoft.ai/events/39957-grain-markets-hit-turbulence-after-key-report-ups-wheat-supply-hopes-but.md) | -0.7% | -1.6% |
| CORN | 2021-01-26 | [Ag Markets Continue to Rebound Higher \| Feed & Grain](https://feedsoft.ai/events/49075-ag-markets-continue-to-rebound-higher-feed-and-grain.md) | +5.1% | +1.5% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/bearish-news-pushes-markets-lower/
- queenslandcountrylife.com.au: https://www.queenslandcountrylife.com.au/story/5986956/bearish-news-pushes-markets-lower-grain-brokers-australia/

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