# Grain Highlights

> USDA FAS lowered its Argentine wheat crop forecast to 16.8 million tonnes, 0.7 million below the official USDA figure. Saudi Arabia bought 484,000 tonnes of hard wheat for January shipment, and Black Sea corn and grain export flows were reported.

- Date: 2017-10-31 · published 2017-10-31T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/68308-grain-highlights
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A smaller Argentine wheat crop and firm Saudi demand support wheat prices, while Ukrainian and Russian corn and grain availability keeps export competition and freight-driven pricing in focus for feed buyers.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-11-17 | [Grain Highlights](https://feedsoft.ai/events/67917-grain-highlights.md) | -2.9% | -2.6% |
| WHEAT | 2017-11-08 | [Grain Highlights](https://feedsoft.ai/events/67942-grain-highlights.md) | +1.2% | +1.3% |
| WHEAT | 2021-04-22 | [Grain Highlights 22.04.2021](https://feedsoft.ai/events/47483-grain-highlights-22-04-2021.md) | +3.9% | +0.9% |
| WHEAT | 2021-05-05 | [Prices higher, corn continues tight: IGC - Grain Central](https://feedsoft.ai/events/47118-prices-higher-corn-continues-tight-igc-grain-central.md) | +5.2% | -1.0% |
| WHEAT | 2017-02-10 | [Daily Grain Report](https://feedsoft.ai/events/72451-daily-grain-report.md) | -0.6% | -1.5% |
| CORN | 2021-11-26 | [Grain Highlights 26.11.2021](https://feedsoft.ai/events/14530-grain-highlights-26-11-2021.md) | -3.2% | +0.4% |
| CORN | 2017-05-22 | [Grain exports set to hit record high: USDA - Splash247](https://feedsoft.ai/events/71200-grain-exports-set-to-hit-record-high-usda-splash247.md) | +1.0% | +2.3% |
| CORN | 2025-09-04 | [Grains Report 09/04/2025 - Market InsightsMarket Insights](https://feedsoft.ai/events/22923-grains-report-09-04-2025-market-insightsmarket-insights.md) | -0.2% | +2.6% |

## Sources

- grainsprices.com: https://grainsprices.com/article/13330

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