# World grain output expected to fall as record 2016 harvest weighs on prices

> The International Grains Council forecasts world grain output to fall about 3% in the coming crop year after the record 2016 harvest pushed corn and wheat prices lower. High opening stocks are expected to almost offset the production decline and keep markets well supplied.

- Date: 2017-03-30 · published 2017-03-30T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/72022-world-grain-output-expected-to-fall-as-record-2016-harvest-weighs-on-prices
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A smaller crop year would tighten supply at the margin, but elevated carryin stocks cap price upside for feed grains and wheat buyers.

## Read by commodity

- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-10-25 | [Argentina corn output forecast higher, exports lower \| 2018-10-25  \| World Grain](https://feedsoft.ai/events/62385-argentina-corn-output-forecast-higher-exports-lower-2018-10-25-world-grain.md) | -1.3% | -5.3% |
| CORN | 2021-12-15 | [Higher grain prices expected in 2022 \| Capital Press](https://feedsoft.ai/events/43671-higher-grain-prices-expected-in-2022-capital-press.md) | -3.5% | +1.2% |
| CORN | 2019-12-04 | [USDA report: Grain, hay prices up during fall - Mid-West Farm Report](https://feedsoft.ai/events/55650-usda-report-grain-hay-prices-up-during-fall-mid-west-farm-report.md) | -3.9% | +1.5% |
| CORN | 2020-11-03 | [2020 grains, oilseeds and pulse outlook update: Prices expected to improve over next 6 months \| FCC](https://feedsoft.ai/events/50111-2020-grains-oilseeds-and-pulse-outlook-update-prices-expected-to-improve-over.md) | +0.0% | +8.8% |
| CORN | 2026-05-08 | [World food prices rise to more than three year high in April, FAO says - Grainews](https://feedsoft.ai/events/19272-world-food-prices-rise-to-more-than-three-year-high-in-april-fao-says-grainews.md) | +1.3% | -3.8% |
| WHEAT | 2025-09-29 | [Record Corn Crop Weighs on Prices Thru Harvest - ADM Investor Services](https://feedsoft.ai/events/22895-record-corn-crop-weighs-on-prices-thru-harvest-adm-investor-services.md) | -0.6% | +1.8% |
| WHEAT | 2021-10-19 | [Bumper grain harvest expected again this year](https://feedsoft.ai/events/44501-bumper-grain-harvest-expected-again-this-year.md) | +0.7% | +9.2% |
| WHEAT | 2020-11-03 | [2020 grains, oilseeds and pulse outlook update: Prices expected to improve over next 6 months \| FCC](https://feedsoft.ai/events/50111-2020-grains-oilseeds-and-pulse-outlook-update-prices-expected-to-improve-over.md) | +0.4% | -6.2% |

## Sources

- ft.com: https://www.ft.com/content/bcdbab87-d0a2-3486-b784-ec1bf1094905?syn-25a6b1a6=1

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