# World grain harvest reduced in latest stats - Farmers Weekly

> The IGC cut its world wheat production estimate by 16 million tonnes to 721 million, versus 758 million last year, citing lower yields in the Black Sea and EU. World grain output is forecast at a three-year low of 2.059 billion tonnes, and the world will again consume more grain than it produces. Ex-farm UK wheat and barley prices rose sharply over the prior 10 days.

- Date: 2018-07-27 · published 2018-07-27T12:00:00.000Z
- Category: report · region Global · magnitude high
- Page: https://feedsoft.ai/events/64070-world-grain-harvest-reduced-in-latest-stats-farmers-weekly
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A second year of consumption exceeding production drains stocks and supports feed grain prices, with further downgrades possible.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-06-15 | [USDA harvest predictions spark volatile week for new crop wheat - Farmers Weekly](https://feedsoft.ai/events/64477-usda-harvest-predictions-spark-volatile-week-for-new-crop-wheat-farmers-weekly.md) | -0.3% | -6.8% |
| WHEAT | 2020-09-05 | [Harvest slows grains rally (just a bit) — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/51160-harvest-slows-grains-rally-just-a-bit-this-week-in-the-grain-markets.md) | +10.0% | +16.8% |
| WHEAT | 2021-11-13 | [GRAIN  PRICE WEEKLY REPORT](https://feedsoft.ai/events/7052-grain-price-weekly-report.md) | +0.6% | -6.5% |
| WHEAT | 2021-07-12 | [Grain Stocks Surprise Traders in the July WASDE Report \| Red River Farm Network](https://feedsoft.ai/events/46000-grain-stocks-surprise-traders-in-the-july-wasde-report-red-river-farm-network.md) | -0.8% | +0.2% |
| WHEAT | 2017-07-11 | [Focus on the United States \| World-grain.com \| July 11, 2017 19:59 \| World Grain](https://feedsoft.ai/events/70016-focus-on-the-united-states-world-grain-com-july-11-2017-19-59-world-grain.md) | -2.0% | -1.7% |
| CORN | 2019-03-13 | [India forecast to harvest record rice crop \| 2019-03-13  \| World Grain](https://feedsoft.ai/events/60050-india-forecast-to-harvest-record-rice-crop-2019-03-13-world-grain.md) | +4.3% | -1.0% |
| CORN | 2021-11-13 | [GRAIN  PRICE WEEKLY REPORT](https://feedsoft.ai/events/7052-grain-price-weekly-report.md) | -2.1% | +1.5% |
| CORN | 2017-07-11 | [Focus on the United States \| World-grain.com \| July 11, 2017 19:59 \| World Grain](https://feedsoft.ai/events/70016-focus-on-the-united-states-world-grain-com-july-11-2017-19-59-world-grain.md) | -4.3% | -4.6% |

## Sources

- fwi.co.uk: https://www.fwi.co.uk/business/markets-and-trends/crop-prices/world-grain-harvest-reduced-in-latest-stats

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