# Crop forecast déjà vu turns markets volatile - Grain Central

> July CBOT wheat traded in a 52-cent weekly range and closed lower at 499.50c/bu after the June USDA WASDE cut Russia's 2018/19 wheat crop by 3.5 Mt to 68.5 Mt. Corn also rose initially on the report before markets reversed.

- Date: 2018-06-19 · published 2018-06-19T12:00:00.000Z
- Category: report · region Russia · magnitude medium
- Page: https://feedsoft.ai/events/64496-crop-forecast-deja-vu-turns-markets-volatile-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A cut to Russian wheat output, the largest exporter, supports world wheat prices and raises the cost of wheat used in feed rations, though the market reaction faded quickly.

## Read by commodity

- CORN: neutral
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-08-13 | [Strategie Grains cuts EU, UK wheat crop forecast - Markets - Business Recorder](https://feedsoft.ai/events/51571-strategie-grains-cuts-eu-uk-wheat-crop-forecast-markets-business-recorder.md) | +0.7% | +11.5% |
| WHEAT | 2025-06-02 | [ABARES releases initial forecasts for winter crops - Grain Central](https://feedsoft.ai/events/24166-abares-releases-initial-forecasts-for-winter-crops-grain-central.md) | +2.9% | +1.7% |
| WHEAT | 2026-06-01 | [ABARES forecasts hefty drops for wheat, barley, canola - Grain Central](https://feedsoft.ai/events/18770-abares-forecasts-hefty-drops-for-wheat-barley-canola-grain-central.md) | -2.6% | -0.3% |
| WHEAT | 2020-10-06 | [USDA drops a bombshell and the markets explode - Grain Central](https://feedsoft.ai/events/11634-usda-drops-a-bombshell-and-the-markets-explode-grain-central.md) | +0.6% | +0.1% |
| WHEAT | 2017-04-24 | [Australian 2017 wheat crop forecast to reach 24 million tonnes: USDA report - Grain Central](https://feedsoft.ai/events/71469-australian-2017-wheat-crop-forecast-to-reach-24-million-tonnes-usda-report.md) | +2.4% | +1.0% |
| 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 | 2025-07-14 | [Daily Market Wire 14 July 2025 - Grain Central](https://feedsoft.ai/events/11931-daily-market-wire-14-july-2025-grain-central.md) | +0.9% | -1.2% |
| CORN | 2019-11-12 | [Global markets seek direction after benign WASDE - Grain Central](https://feedsoft.ai/events/56020-global-markets-seek-direction-after-benign-wasde-grain-central.md) | -0.5% | -2.9% |

## Sources

- graincentral.com: https://www.graincentral.com/cropping/crop-forecast-deja-vu-turns-markets-volatile/

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