# China's revised figures shake up grain market - Inside Grains & Raw Material | Boerenbusiness. Nl

> Revised Chinese grain production and stock figures raised China's wheat stocks from 260 million to over 266 million tonnes, lifting global wheat ending stocks by 7 million tonnes. Global wheat production for 2018/19 rose 2.6 million tonnes, though Australia and Ukraine were cut, and USDA expects Australian wheat exports at about 11.5 million tonnes.

- Date: 2018-11-09 · published 2018-11-09T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/61989-china-s-revised-figures-shake-up-grain-market-inside-grains-and-raw-material
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher global wheat stocks from Chinese revisions are bearish for wheat prices, while Australia's sharply lower exports are a partial offset for feed grain buyers.

## Read by commodity

- CORN: neutral
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-06-18 | [Rain in time for European cereal crops - Inside Grains & Raw Material \| Boerenbusiness. Nl](https://feedsoft.ai/events/58533-rain-in-time-for-european-cereal-crops-inside-grains-and-raw-material.md) | +7.1% | -3.2% |
| WHEAT | 2023-07-13 | [Wasde report corners grain market - Analysis Grains & Raw Material \| Boerenbusiness. Nl](https://feedsoft.ai/events/34987-wasde-report-corners-grain-market-analysis-grains-and-raw-material.md) | +3.7% | +3.6% |
| WHEAT | 2020-03-23 | [MARS: More wheat despite wet winter - Inside Grains & Raw Material \| Boerenbusiness. Nl](https://feedsoft.ai/events/54065-mars-more-wheat-despite-wet-winter-inside-grains-and-raw-material.md) | -6.6% | -4.4% |
| WHEAT | 2021-09-14 | [China cuts forecast for feed use of corn in 2021/22 - Markets - Business Recorder](https://feedsoft.ai/events/45063-china-cuts-forecast-for-feed-use-of-corn-in-2021-22-markets-business-recorder.md) | -3.3% | +4.8% |
| WHEAT | 2022-02-08 | [Country Focus: China plays critical role in grains market \| World Grain](https://feedsoft.ai/events/42702-country-focus-china-plays-critical-role-in-grains-market-world-grain.md) | +1.0% | +20.6% |
| CORN | 2019-12-11 | [Market not impressed by cut-and-paste work - Inside Grains & Raw Material \| Boerenbusiness. Nl](https://feedsoft.ai/events/55516-market-not-impressed-by-cut-and-paste-work-inside-grains-and-raw-material.md) | +5.1% | +4.1% |
| CORN | 2023-02-09 | [Strategie Grains enhances EU wheat crop forecast again - Markets - Business Recorder](https://feedsoft.ai/events/37268-strategie-grains-enhances-eu-wheat-crop-forecast-again-markets-business-recorder.md) | -1.3% | -5.2% |
| CORN | 2017-11-01 | [USDA Chicago Terminal Grain - Nov 1 \| Fox Business](https://feedsoft.ai/events/68017-usda-chicago-terminal-grain-nov-1-fox-business.md) | -3.2% | -4.8% |

## Sources

- en.boerenbusiness.nl: https://en.boerenbusiness.nl/granen-grondstof/artikel/10880463/herziene-cijfers-china-schudden-granenmarkt-op

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