# What Surprises Are Stirring the Global Wheat Markets? | CZ app

> World wheat futures were generally lower over the week, except Australia, which was drought-stricken. Argentina's harvest was 46% complete with 2019 production estimated at 18.5m tonnes versus 19.5m last year, and Canada's wheat output was estimated at 32.348mmt. Egypt bought Russian wheat at US$235-236/mt, and Algeria bought 500k tonnes for February delivery.

- Date: 2019-12-10 · published 2019-12-10T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/10580-what-surprises-are-stirring-the-global-wheat-markets-cz-app
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Wet weather in France and Argentina's lower crop plus firm import tenders from Egypt and Algeria point to tighter export supply and modest price support for wheat.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-05-13 | [A"maize"ing global support for wheat prices \| The Land \| NSW](https://feedsoft.ai/events/47137-a-maize-ing-global-support-for-wheat-prices-the-land-nsw.md) | -1.8% | -4.6% |
| WHEAT | 2024-09-23 | [Chicago wheat rises on global crop concern - Markets - Business Recorder](https://feedsoft.ai/events/5608-chicago-wheat-rises-on-global-crop-concern-markets-business-recorder.md) | +11.3% | +5.5% |
| WHEAT | 2024-05-09 | [Wheat Prices Have Soared on Global Conflict, Extreme Weather - Markets Insider](https://feedsoft.ai/events/30292-wheat-prices-have-soared-on-global-conflict-extreme-weather-markets-insider.md) | +2.0% | +6.5% |
| WHEAT | 2021-07-30 | [Adverse global weather creates potent bull market for wheat](https://feedsoft.ai/events/46137-adverse-global-weather-creates-potent-bull-market-for-wheat.md) | +1.6% | +2.4% |
| WHEAT | 2023-09-14 | [Tight global wheat story is stuck on repeat, supporting market bears  \| Reuters](https://feedsoft.ai/events/34029-tight-global-wheat-story-is-stuck-on-repeat-supporting-market-bears-reuters.md) | +0.5% | -2.1% |
| KWHEAT | 2024-05-09 | [Wheat Prices Have Soared on Global Conflict, Extreme Weather - Markets Insider](https://feedsoft.ai/events/30292-wheat-prices-have-soared-on-global-conflict-extreme-weather-markets-insider.md) | +2.5% | +3.0% |
| KWHEAT | 2023-09-14 | [Tight global wheat story is stuck on repeat, supporting market bears  \| Reuters](https://feedsoft.ai/events/34029-tight-global-wheat-story-is-stuck-on-repeat-supporting-market-bears-reuters.md) | -1.1% | -9.5% |
| KWHEAT | 2018-04-27 | [Farming News - Weather impacting on the Wheat Markets](https://feedsoft.ai/events/11223-farming-news-weather-impacting-on-the-wheat-markets.md) | +9.1% | +9.4% |

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/what-surprises-are-stirring-the-global-wheat-markets/

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