# Food production status quo next two months | World-grain.com | July 16, 2018 14:11 | World Grain

> World Grain reports that global weather is mostly favorable for food production over the next two months, though an El Niño is slowly forming. Production is expected to fall in parts of Russia from excess moisture and dryness, some European dryness, and drought in Canadian Prairies and eastern Australia.

- Date: 2018-07-16 · published 2018-07-16T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/63940-food-production-status-quo-next-two-months-world-grain-com-july-16-2018-14-11
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower output from Russia, Europe, Canada and Australia would tighten wheat, barley and canola supplies, supporting prices for feed grains and meals.

## Read by commodity

- CORN: neutral
- WHEAT: bullish ▲
- BARLEY: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-06-13 | [Australia cuts wheat production forecast \| World-grain.com \| June 12, 2018 20:28 \| World Grain](https://feedsoft.ai/events/64493-australia-cuts-wheat-production-forecast-world-grain-com-june-12-2018-20-28.md) | -2.0% | -8.2% |
| WHEAT | 2018-12-04 | [Australia’s winter crop production estimated to plummet 23% \| 2018-12-04  \| World Grain](https://feedsoft.ai/events/61534-australia-s-winter-crop-production-estimated-to-plummet-23-2018-12-04-world.md) | -0.3% | +1.5% |
| WHEAT | 2025-01-29 | [Drought, low prices to drop Mexico’s grain production  \| World Grain](https://feedsoft.ai/events/26570-drought-low-prices-to-drop-mexico-s-grain-production-world-grain.md) | +0.6% | +1.4% |
| WHEAT | 2017-08-08 | [Wheat production forecast down: NAB - Grain Central](https://feedsoft.ai/events/69415-wheat-production-forecast-down-nab-grain-central.md) | +0.5% | -0.8% |
| WHEAT | 2019-09-17 | [ABARES slashes grain production forecasts \| The Land \| NSW](https://feedsoft.ai/events/57047-abares-slashes-grain-production-forecasts-the-land-nsw.md) | +2.4% | +2.8% |
| CORN | 2018-07-25 | [CGB, Agspring connect on marketing agreement \| World-grain.com \| July 25, 2018 13:47 \| World Grain](https://feedsoft.ai/events/63919-cgb-agspring-connect-on-marketing-agreement-world-grain-com-july-25-2018-13-47.md) | +3.5% | +2.0% |
| CORN | 2020-07-29 | [Will the United States produce a bumper crop? \| 2020-07-29  \| World Grain](https://feedsoft.ai/events/51959-will-the-united-states-produce-a-bumper-crop-2020-07-29-world-grain.md) | -2.1% | +5.5% |
| CORN | 2017-08-18 | [U.S. Midwest cool temperatures slow crop stress \| World-grain.com \| August 18, 2017 19:19 \| World Grain](https://feedsoft.ai/events/69306-u-s-midwest-cool-temperatures-slow-crop-stress-world-grain-com-august-18-2017.md) | -2.2% | -2.8% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/10678-food-production-status-quo-next-two-months

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