# RICEPLUS MAGAZINE: 4th July 2020 Daily Global Regional Local Rice E-Newsletter

> FAO raised its 2020 world cereal production forecast by 9.3 million tonnes to about 2,790 million tonnes, a record that is 3.0% above 2019. Global wheat output was pegged at 761.5 million tonnes, with Australia's forecast revised up 5.5 million tonnes. The stock-to-use ratio rose to a twenty-year high.

- Date: 2020-07-04 · published 2020-07-04T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/7944-riceplus-magazine-4th-july-2020-daily-global-regional-local-rice-e-newsletter
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A record crop and a twenty-year-high stock-to-use ratio point to ample global grain supplies, which weighs on wheat and corn prices. Lower feed grain costs benefit livestock feed buyers.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2020-07-06 | 5 | -7.1% | -2.8 | FAO's record world cereal and wheat output forecast and a stock-to-use ratio at a 20-year high point to ample supply, a bearish factor for wheat. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-09-30 | [Global Grain Market: Daily Recap 30.09.2025](https://feedsoft.ai/events/22894-global-grain-market-daily-recap-30-09-2025.md) | +0.4% | +5.9% |
| WHEAT | 2025-03-21 | [Global grain production to rise in 2025/26: Grain market daily \| AHDB](https://feedsoft.ai/events/25624-global-grain-production-to-rise-in-2025-26-grain-market-daily-ahdb.md) | -1.2% | -1.6% |
| WHEAT | 2022-07-27 | [Global headwinds put pressure on local agri sector I Australian Rural & Regional News](https://feedsoft.ai/events/40540-global-headwinds-put-pressure-on-local-agri-sector-i-australian-rural-and.md) | +4.5% | +0.2% |
| WHEAT | 2020-06-12 | [Daily Market Wire 12 June 2020 - Grain Central](https://feedsoft.ai/events/4927-daily-market-wire-12-june-2020-grain-central.md) | -1.3% | -4.6% |
| WHEAT | 2022-08-05 | [Major fall in global food prices for July, but future supply worries remain \| UN News](https://feedsoft.ai/events/40157-major-fall-in-global-food-prices-for-july-but-future-supply-worries-remain-un.md) | +7.3% | -4.2% |
| CORN | 2025-09-30 | [Global Grain Market: Daily Recap 30.09.2025](https://feedsoft.ai/events/22894-global-grain-market-daily-recap-30-09-2025.md) | +0.8% | +1.0% |
| CORN | 2025-03-21 | [Global grain production to rise in 2025/26: Grain market daily \| AHDB](https://feedsoft.ai/events/25624-global-grain-production-to-rise-in-2025-26-grain-market-daily-ahdb.md) | -4.7% | +0.6% |
| CORN | 2018-06-27 | [Daily Market Wire 29 June 2018 - Grain Central](https://feedsoft.ai/events/8585-daily-market-wire-29-june-2018-grain-central.md) | -1.3% | -2.7% |

## Sources

- riceplusmagazine.blogspot.com: http://riceplusmagazine.blogspot.com/2020/07/4th-july-2020-daily-global-regional.html

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