# World wheat stocks still healthy, despite weather issues… - Grain Central

> Nidera Australia's Peter McMeekin says global grain markets are being driven by weather, with drought cutting US spring wheat and dryness in Saskatchewan and parts of Europe pulling yields lower. He notes USDA put US wheat output at 47.9 million tonnes and that Canada's forecast was cut 10% to 28.4 million tonnes, with further downgrades likely.

- Date: 2017-08-01 · published 2017-08-01T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/69384-world-wheat-stocks-still-healthy-despite-weather-issues-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Drought-driven cuts in major North American and European wheat crops tighten export supplies and tend to support wheat prices, though the article frames world stocks as still adequate, limiting the upside.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-03-02 | [Wheat futures surge - Grain Central](https://feedsoft.ai/events/12430-wheat-futures-surge-grain-central.md) | +0.5% | -0.4% |
| WHEAT | 2022-09-14 | [Keeping an eye on wheat weather \| World Grain](https://feedsoft.ai/events/39520-keeping-an-eye-on-wheat-weather-world-grain.md) | +5.6% | -8.7% |
| WHEAT | 2020-07-07 | [France’s soft wheat crop drops due to weather woes \| 2020-07-07  \| World Grain](https://feedsoft.ai/events/52050-france-s-soft-wheat-crop-drops-due-to-weather-woes-2020-07-07-world-grain.md) | +0.8% | +1.2% |
| WHEAT | 2024-09-20 | [Weather takes toll on EU grain crops \| World Grain](https://feedsoft.ai/events/28261-weather-takes-toll-on-eu-grain-crops-world-grain.md) | +11.5% | +6.1% |
| WHEAT | 2018-05-17 | [GRAINS-U.S. wheat futures rise on world weather woes, corn; soy flat](https://feedsoft.ai/events/10915-grains-u-s-wheat-futures-rise-on-world-weather-woes-corn-soy-flat.md) | +4.3% | +3.0% |
| KWHEAT | 2018-03-02 | [Wheat futures surge - Grain Central](https://feedsoft.ai/events/12430-wheat-futures-surge-grain-central.md) | -2.1% | -12.0% |
| KWHEAT | 2022-09-14 | [Keeping an eye on wheat weather \| World Grain](https://feedsoft.ai/events/39520-keeping-an-eye-on-wheat-weather-world-grain.md) | +2.0% | +5.0% |
| KWHEAT | 2016-11-22 | [Spring 2017 will help heal U.S. hard red wheat woes \| World-grain.com \| November 22, 2016 14:51 \| World Grain](https://feedsoft.ai/events/73893-spring-2017-will-help-heal-u-s-hard-red-wheat-woes-world-grain-com-november-22.md) | -3.8% | -0.4% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/world-wheat-stocks-still-healthy-despite-weather-issues/

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