# Keeping an eye on the grain market - September 24 update | Farm News | Farmers Guardian

> Wheat markets worldwide remained strong, with attention on conditions in southern Russia. London wheat futures reached contract highs as global markets gained support from rising risks to Russian supply.

- Date: 2020-09-24 · published 2020-09-24T12:00:00.000Z
- Category: weather · region Russia · magnitude low
- Page: https://feedsoft.ai/events/10437-keeping-an-eye-on-the-grain-market-september-24-update-farm-news-farmers
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Weather concerns in southern Russia, a major exporter, raise the risk of lower Black Sea supply and support global wheat price levels.

## Read by commodity

- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2020-09-28 | 1 | +6.0% | 3.4 | London wheat hit contract highs on Russian supply risks, a global supply-risk signal that likely carried over to Chicago. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-04-16 | [Farming News - Wheat and OSR market update](https://feedsoft.ai/events/9791-farming-news-wheat-and-osr-market-update.md) | +4.9% | +6.1% |
| WHEAT | 2022-07-29 | [Grain Market Update 29th July - Irish Farmers' Association](https://feedsoft.ai/events/11487-grain-market-update-29th-july-irish-farmers-association.md) | +4.4% | -0.4% |
| WHEAT | 2020-07-20 | [Grain Market Update 21st July - Irish Farmers' Association](https://feedsoft.ai/events/6207-grain-market-update-21st-july-irish-farmers-association.md) | +0.7% | -1.8% |
| WHEAT | 2020-08-16 | [Grain Market Update 17th August - Irish Farmers' Association](https://feedsoft.ai/events/11342-grain-market-update-17th-august-irish-farmers-association.md) | +0.9% | +11.1% |
| WHEAT | 2022-09-14 | [Keeping an eye on wheat weather \| World Grain](https://feedsoft.ai/events/39520-keeping-an-eye-on-wheat-weather-world-grain.md) | +5.6% | -8.7% |

## Sources

- farmersguardian.com: https://www.farmersguardian.com/news/4109169/keeping-eye-grain-market-september-update

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