# IGC updates global grain supply situation - wheat

> The International Grains Council estimates 2018/19 global wheat output at 737 million tonnes, about 30 million lower than last year, with cuts in the EU, Russia and Australia. Global wheat consumption is put at 745 million tonnes, and corn output is raised 28 million tonnes to 1,076 million. Global grain final stocks are projected to fall more than 50 million tonnes to their lowest level since 2015/16.

- Date: 2019-01-25 · published 2019-01-25T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/61036-igc-updates-global-grain-supply-situation-wheat
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower wheat output and falling stocks tighten the supply outlook and support wheat prices. The larger corn crop is bearish for corn and adds to feed supply.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-08-17 | [USDA slashes global wheat production - Grain Central](https://feedsoft.ai/events/45538-usda-slashes-global-wheat-production-grain-central.md) | +0.1% | +3.4% |
| WHEAT | 2022-11-01 | [What is the Latest Supply and Demand Situation for U.S. Wheat Classes?](https://feedsoft.ai/events/39160-what-is-the-latest-supply-and-demand-situation-for-u-s-wheat-classes.md) | +7.3% | +7.7% |
| WHEAT | 2020-07-24 | [Global wheat surplus shrunk by IGC: Grain Market Daily \| AHDB](https://feedsoft.ai/events/52147-global-wheat-surplus-shrunk-by-igc-grain-market-daily-ahdb.md) | +0.7% | -1.5% |
| 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 | 2020-07-14 | [Global wheat production on the decline - Grain Central](https://feedsoft.ai/events/52052-global-wheat-production-on-the-decline-grain-central.md) | +0.4% | -1.8% |
| CORN | 2018-08-30 | [Wheat Prices Rising On Global Supply Issues](https://feedsoft.ai/events/63586-wheat-prices-rising-on-global-supply-issues.md) | +2.0% | +4.0% |
| CORN | 2026-01-12 | [US corn and wheat supplies rise in latest WASDE \| Feed & Grain](https://feedsoft.ai/events/12589-us-corn-and-wheat-supplies-rise-in-latest-wasde-feed-and-grain.md) | -2.8% | -1.7% |
| CORN | 2021-07-13 | [WASDE update: Global wheat stocks tighten \| articles \| ING THINK](https://feedsoft.ai/events/46007-wasde-update-global-wheat-stocks-tighten-articles-ing-think.md) | -10.7% | -12.3% |

## Sources

- zmp.de: https://www.zmp.de/en/futures/grains/news/market-report-igc-updates-global-grain-supply-situation-wheat-harvest-estimate

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