# Global wheat crop set to tumble  | The Land | NSW

> The USDA's July supply and demand report cut world wheat production by 8.4 million tonnes to about 736 million, the smallest in three years. Russia's forecast was lowered to 67 million tonnes on hot, dry weather, and Ukraine's estimate was also trimmed.

- Date: 2018-07-17 · published 2018-07-17T12:00:00.000Z
- Category: report · region Global · magnitude high
- Page: https://feedsoft.ai/events/63985-global-wheat-crop-set-to-tumble-the-land-nsw
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Lower Black Sea output removes major export supply and is likely to lift global wheat prices, which tightens feed grain alternatives for buyers.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-09-24 | [How sustainable is wheat price recovery? \| Global Perspective \| The Land \| NSW](https://feedsoft.ai/events/5607-how-sustainable-is-wheat-price-recovery-global-perspective-the-land-nsw.md) | +0.3% | -6.2% |
| WHEAT | 2023-04-30 | [A glimpse into the new wheat season – a global perspective](https://feedsoft.ai/events/36462-a-glimpse-into-the-new-wheat-season-a-global-perspective.md) | +1.9% | -2.2% |
| WHEAT | 2022-09-29 | [Headlines Keep the Global Wheat Market Bouncing](https://feedsoft.ai/events/39633-headlines-keep-the-global-wheat-market-bouncing.md) | +0.7% | -10.7% |
| WHEAT | 2017-05-11 | [Rural News Crop report pegs cut in global wheat production next year, but record stocks set to remain](https://feedsoft.ai/events/70950-rural-news-crop-report-pegs-cut-in-global-wheat-production-next-year-but-record.md) | -2.4% | +0.8% |
| WHEAT | 2023-09-06 | [Australia trims wheat crop estimate, curbing global supplies](https://feedsoft.ai/events/34065-australia-trims-wheat-crop-estimate-curbing-global-supplies.md) | +2.1% | -4.1% |
| CORN | 2024-09-24 | [How sustainable is wheat price recovery? \| Global Perspective \| The Land \| NSW](https://feedsoft.ai/events/5607-how-sustainable-is-wheat-price-recovery-global-perspective-the-land-nsw.md) | +1.7% | -0.8% |
| CORN | 2018-09-19 | [Weather Continues to Affect Global Wheat Production - U.S. Wheat Associates](https://feedsoft.ai/events/62993-weather-continues-to-affect-global-wheat-production-u-s-wheat-associates.md) | +4.5% | +6.5% |
| CORN | 2016-11-11 | [Farming News - Global wheat production up - leads to new record stocks](https://feedsoft.ai/events/73799-farming-news-global-wheat-production-up-leads-to-new-record-stocks.md) | -3.6% | -0.7% |

## Sources

- theland.com.au: https://www.theland.com.au/story/5530698/grain-update-global-wheat-crop-to-tumble/

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