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The FAO's latest cereal supply and demand brief keeps its 2026 world cereal production forecast at 2,979 million tonnes, 2.1% below last year's record. Wheat output was raised by 3.2 million tonnes to 813.9 million, mainly on better Australian prospects, while coarse grain forecasts were cut.
Higher wheat supply offsets a lower coarse grain outlook, leaving global feed grain balances roughly flat. The wheat upgrade is mildly bearish for wheat prices, while lower secondary cereal output supports corn and sorghum.
liiquotidien.comAminaNov 4, 2026After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 138 past bearish report events, Wheat (HRW) moved a median +0.0% over 5 sessions (50% higher; middle half -2.9% to +2.4%), and +0.5% over 20.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
