# Wheat markets mixed during week - Agriculture News Network

> Wheat markets were mixed as Russia lowered its export price after the US won some Egyptian business. Australia cut its wheat production estimates again after a second year of drought, supporting Chicago. Corn and soybeans fell as Midwest harvest progressed and farmer selling pressured cash prices.

- Date: 2018-11-04 · published 2018-11-04T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/11215-wheat-markets-mixed-during-week-agriculture-news-network
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Australian crop losses point to tighter supplies for southeast Asian buyers, supporting US wheat, while harvest pressure keeps corn and soybean prices lower.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-05-19 | [Markets finally respond to wet weather - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/5629-markets-finally-respond-to-wet-weather-agweek-1-source-for-agriculture-news.md) | +10.5% | +9.7% |
| WHEAT | 2016-06-06 | [Soybeans rise on U.S. weather view; wheat, corn firm - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/9123-soybeans-rise-on-u-s-weather-view-wheat-corn-firm-agweek-1-source-for.md) | +3.3% | -4.6% |
| WHEAT | 2018-02-05 | [Markets dealing with multitude of drivers - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/66601-markets-dealing-with-multitude-of-drivers-agweek-1-source-for-agriculture-news.md) | +2.5% | +3.3% |
| WHEAT | 2022-01-21 | [The market rally after the reports - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/10893-the-market-rally-after-the-reports-agweek-1-source-for-agriculture-news-farming.md) | +0.5% | -1.6% |
| WHEAT | 2024-08-23 | [Low falling numbers could have a big impact on wheat market - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/28814-low-falling-numbers-could-have-a-big-impact-on-wheat-market-agweek-1-source-for.md) | -0.2% | +2.8% |
| KWHEAT | 2018-03-11 | [Dry weather fueling bulls - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/65958-dry-weather-fueling-bulls-agweek-1-source-for-agriculture-news-farming-markets.md) | -1.7% | +2.9% |
| KWHEAT | 2018-02-05 | [Markets dealing with multitude of drivers - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/66601-markets-dealing-with-multitude-of-drivers-agweek-1-source-for-agriculture-news.md) | +0.5% | +15.2% |
| KWHEAT | 2024-08-23 | [Low falling numbers could have a big impact on wheat market - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/28814-low-falling-numbers-could-have-a-big-impact-on-wheat-market-agweek-1-source-for.md) | +3.1% | +6.6% |

## Sources

- agriculturenewsnetwork.com: https://www.agriculturenewsnetwork.com/wheat-markets-mixed-during-week/

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