# The wheat harvest improves its outlook in a bearish scenario

> The Buenos Aires Grain Exchange raised its estimate for Argentine wheat production from 21 to 23.8 million tonnes. Harvest reached 6.7% of the planted area with an average yield of 21.3 quintals per hectare. Northern Hemisphere harvest and the start of the Australian crop continue to weigh on prices, while Russia-Ukraine diplomacy could ease Black Sea shipping.

- Date: 2026-11-02 · published 2026-11-03T15:17:39.309Z
- Category: report · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/77978-the-wheat-harvest-improves-its-outlook-in-a-bearish-scenario
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Larger Argentine supply and Southern Hemisphere availability add to global wheat stocks, keeping prices under pressure. Any easing of Black Sea shipping risk would add further supply and weigh on wheat prices.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-10-20 | [Australia’s wheat production outlook improves as harvest begins - AgCanada](https://feedsoft.ai/events/22345-australia-s-wheat-production-outlook-improves-as-harvest-begins-agcanada.md) | +0.7% | -2.8% |
| WHEAT | 2026-09-10 | [Argentina cuts soybean harvest outlook as corn margins improve
						 \| The Pig Site](https://feedsoft.ai/events/13776-argentina-cuts-soybean-harvest-outlook-as-corn-margins-improve-the-pig-site.md) | -0.9% | -3.8% |
| WHEAT | 2024-08-02 | [Precipitation improved the prospects for the wheat harvest in Australia](https://feedsoft.ai/events/28738-precipitation-improved-the-prospects-for-the-wheat-harvest-in-australia.md) | +4.8% | -2.5% |
| WHEAT | 2021-02-15 | [Winter harvest near record, summer crop on the improve: ABARES - Grain Central](https://feedsoft.ai/events/48595-winter-harvest-near-record-summer-crop-on-the-improve-abares-grain-central.md) | +9.4% | +9.0% |
| WHEAT | 2021-09-17 | [Wheat prices soften ahead of harvest \| The Land \| NSW](https://feedsoft.ai/events/6382-wheat-prices-soften-ahead-of-harvest-the-land-nsw.md) | -3.8% | +3.6% |
| KWHEAT | 2024-01-29 | [Canada Know-Risk Market Outlook \| HRW Wheat Ratings Improve](https://feedsoft.ai/events/32173-canada-know-risk-market-outlook-hrw-wheat-ratings-improve.md) | +0.0% | -6.6% |
| KWHEAT | 2020-05-15 | [KC Wheat Turns Bearish Early in 2020](https://feedsoft.ai/events/12709-kc-wheat-turns-bearish-early-in-2020.md) | -0.8% | -2.1% |
| KWHEAT | 2025-08-26 | [Wheat harvest expected to rise in the EU and worldwide - Trademagazin](https://feedsoft.ai/events/23276-wheat-harvest-expected-to-rise-in-the-eu-and-worldwide-trademagazin.md) | -2.7% | +3.0% |

## Sources

- revistachacra.com.ar: https://www.revistachacra.com.ar/actualidad/la-cosecha-de-trigo-mejora-sus-perspectivas-en-un-escenario-bajista/

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