# Argentina and Australia Raise Wheat Supply as Black Sea Exports Fall

> USDA raised its 2026/27 global wheat production forecast by 5.12 million tonnes to 827.51 million tonnes and increased ending stocks by 4.78 million tonnes to 280.82 million. Argentina and Australia each received a 1.5-million-tonne production increase, while forecast trade edged lower amid reduced Black Sea export capacity.

- Date: 2026-11-11 · published 2026-11-11T18:18:25.522Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/93893-argentina-and-australia-raise-wheat-supply-as-black-sea-exports-fall
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Larger Argentine and Australian crops add exportable supply that can partly replace delayed or costlier Black Sea wheat, easing pressure on global availability. The higher production and stocks are bearish for wheat prices overall, though freight and conflict risks may limit relief for some buyers.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-03-03 | [ABARES experts again raise Australia's wheat, barley and rapeseed crop forecasts](https://feedsoft.ai/events/20128-abares-experts-again-raise-australia-s-wheat-barley-and-rapeseed-crop-forecasts.md) | +1.8% | +1.3% |
| WHEAT | 2026-08-31 | [Australia Raises Wheat Crop Forecast as Export Demand Picks Up \| Stock Market News](https://feedsoft.ai/events/17876-australia-raises-wheat-crop-forecast-as-export-demand-picks-up-stock-market-news.md) | +2.2% | +6.1% |
| WHEAT | 2019-07-16 | [BLACK SEA WHEAT EXPORTS SEEN RISING IN 2019-20](https://feedsoft.ai/events/57938-black-sea-wheat-exports-seen-rising-in-2019-20.md) | -3.3% | -2.9% |
| WHEAT | 2023-03-20 | [Australian wheat holds its ground amid Black Sea return to Asia \| S&P Global](https://feedsoft.ai/events/36898-australian-wheat-holds-its-ground-amid-black-sea-return-to-asia-s-and-p-global.md) | -3.3% | +1.0% |
| WHEAT | 2025-07-28 | [Australia could increase wheat exports to 25 mln tons next season](https://feedsoft.ai/events/23721-australia-could-increase-wheat-exports-to-25-mln-tons-next-season.md) | -1.3% | +0.8% |

## Sources

- agrilinkage.com: https://www.agrilinkage.com/post/argentina-and-australia-lift-wheat-supply-as-black-sea-exports-fall

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