# Surprise lift in global supply | The Land | NSW

> The November USDA report raised global wheat supplies through higher production and opening stocks, driven by revised Chinese stock data, while reducing the Australian crop to 17.5 million tonnes. Global exports were cut by 1.6 million tonnes, mainly on lower Australian shipments.

- Date: 2018-11-12 · published 2018-11-12T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/61993-surprise-lift-in-global-supply-the-land-nsw
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Higher global wheat stocks are mostly bearish for prices, though lower exports from Australia partly offset that effect on tradeable supply.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-10-16 | [Global wheat production lifts \| The Land \| NSW](https://feedsoft.ai/events/68402-global-wheat-production-lifts-the-land-nsw.md) | -0.4% | -3.9% |
| WHEAT | 2017-01-13 | [Record surge in grain supply \| NSW](https://feedsoft.ai/events/72955-record-surge-in-grain-supply-nsw.md) | +0.2% | +5.4% |
| WHEAT | 2018-08-30 | [Wheat Prices Rising On Global Supply Issues](https://feedsoft.ai/events/63586-wheat-prices-rising-on-global-supply-issues.md) | +4.7% | -1.6% |
| WHEAT | 2018-10-25 | [Argentina’s wheat game in good form \| The Land \| NSW](https://feedsoft.ai/events/62501-argentina-s-wheat-game-in-good-form-the-land-nsw.md) | +0.1% | -4.2% |
| WHEAT | 2022-03-10 | [Few Surprises in Supply/Demand Report \| Red River Farm Network](https://feedsoft.ai/events/42238-few-surprises-in-supply-demand-report-red-river-farm-network.md) | -3.3% | +4.6% |
| KWHEAT | 2017-10-16 | [Global wheat production lifts \| The Land \| NSW](https://feedsoft.ai/events/68402-global-wheat-production-lifts-the-land-nsw.md) | -3.1% | -0.7% |
| KWHEAT | 2025-10-29 | [Large wheat supply pressures prices \| The Western Producer](https://feedsoft.ai/events/22436-large-wheat-supply-pressures-prices-the-western-producer.md) | +3.2% | -1.3% |
| KWHEAT | 2018-12-12 | [USDA Release Latest Supply and Demand Estimates -](https://feedsoft.ai/events/61687-usda-release-latest-supply-and-demand-estimates.md) | +8.4% | +4.5% |

## Sources

- theland.com.au: https://www.theland.com.au/story/5751884/smart-marketing-surprise-lift-in-global-supply/

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