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A USDA FAS Grain and Feed Update projects South Korea's milled rice production at 3.52 million tonnes for 2026-27, down from 3.54 million, a third consecutive annual decline. Total rice consumption is seen slipping to 3.83 million tonnes while wheat consumption and imports are forecast to rise.
Falling rice consumption and rising wheat imports in South Korea modestly shift Asian grain demand toward wheat, with limited direct price impact on feed markets.
world-grain.comJohn ReidyNov 11, 2026After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% over 20.
After 87 past bearish report events, Rough Rice moved a median +0.0% over 5 sessions (53% higher; middle half -2.1% to +2.4%), and +1.1% 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.
