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FAO AMIS reports generally favorable 2026/27 conditions for wheat, maize, rice, and soybeans, with upward revisions to global wheat production to 819.1 million tonnes and maize to 1,317.6 million tonnes. Rice production is slightly lower at 552.0 million tonnes, while soybean production is steady at 441.1 million tonnes; regional weather problems and strengthening El Niño pose risks.
Higher wheat and maize forecasts imply more available supply and are bearish for prices, while the slight rice reduction is mildly supportive; steady soybean output is neutral. Weather-related risks could alter these balances as the season progresses.
insights.tridge.comNov 10, 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 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 88 past bullish report events, Rough Rice moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +2.1%), and +2.5% over 20.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
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.
