# Global wheat production lifts | The Land | NSW

> The October USDA WASDE raised global wheat production by 6.34 million tonnes, with gains for Russia, the EU and India, while cutting Australia by 1 million tonnes to 21.5 million. Global stocks are forecast at 268.13 million tonnes, the highest stocks-to-use ratio since 1998-99.

- Date: 2017-10-16 · published 2017-10-16T12:00:00.000Z
- Category: report · region Global · magnitude high
- Page: https://feedsoft.ai/events/68402-global-wheat-production-lifts-the-land-nsw
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Bigger world supplies and record stocks weigh on wheat prices and make cheap wheat available as a feed grain substitute.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-11-12 | [Surprise lift in global supply \| The Land \| NSW](https://feedsoft.ai/events/61993-surprise-lift-in-global-supply-the-land-nsw.md) | -0.2% | +0.8% |
| WHEAT | 2021-12-21 | [Argentine grain production rebounds \| The Land \| NSW](https://feedsoft.ai/events/14067-argentine-grain-production-rebounds-the-land-nsw.md) | +0.1% | +7.9% |
| WHEAT | 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) | +1.8% | +1.5% |
| WHEAT | 2022-12-12 | [Wheat prices fall despite a downgrade in the USDA’s global production forecast](https://feedsoft.ai/events/5522-wheat-prices-fall-despite-a-downgrade-in-the-usda-s-global-production-forecast.md) | +10.5% | +5.6% |
| WHEAT | 2020-06-16 | [Rebound in grain production lifts wheat forecast to 26.7Mt: ABARES - Grain Central](https://feedsoft.ai/events/52584-rebound-in-grain-production-lifts-wheat-forecast-to-26-7mt-abares-grain-central.md) | +1.5% | -4.7% |
| KWHEAT | 2018-11-12 | [Surprise lift in global supply \| The Land \| NSW](https://feedsoft.ai/events/61993-surprise-lift-in-global-supply-the-land-nsw.md) | -1.0% | -2.1% |
| KWHEAT | 2025-06-26 | [Big global wheat crop expected to pressure prices \| The Western Producer](https://feedsoft.ai/events/24273-big-global-wheat-crop-expected-to-pressure-prices-the-western-producer.md) | -0.3% | +0.8% |
| KWHEAT | 2019-02-05 | [USW Reports on World Wheat Production and Exports - U.S. Wheat Associates](https://feedsoft.ai/events/60536-usw-reports-on-world-wheat-production-and-exports-u-s-wheat-associates.md) | -3.3% | -13.0% |

## Sources

- theland.com.au: https://www.theland.com.au/story/4989550/smart-marketing-global-wheat-production-lifts/

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