# World grain and feed market review - Milling and Grain

> Wheat futures reached 4.5-year highs in Chicago in early 2020 on Southern Hemisphere crop problems and a small US winter wheat area. Prices then fell about 10% from the January peak as the Chicago market moved to 2.5-month lows. The decline reflected a mild winter in Russia and Ukraine, adequate moisture and larger Russian crop estimates.

- Date: 2020-04-24 · published 2020-04-24T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11115-world-grain-and-feed-market-review-milling-and-grain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Benign crop weather and larger Russian and Ukrainian supplies outweigh earlier supply concerns and push wheat prices lower. Cheaper wheat lowers the cost of wheat-based feed ingredients for buyers.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- millingandgrain.com: https://millingandgrain.com/world-grain-and-feed-market-review-22097/

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