# Farming News - Wheat and OSR Market Update from ADM

> Global wheat markets lack fresh bullish input as Omicron concerns keep long positions liquidating, and all major exchanges have fallen over the past week. Russia's agriculture ministry left its 2021 wheat harvest estimate largely unchanged, and an export restriction announcement is expected with about 9 million tonnes already priced in.

- Date: 2021-12-17 · published 2021-12-17T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/11531-farming-news-wheat-and-osr-market-update-from-adm
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Liquidation and softer demand push wheat prices lower, but expected Russian export restrictions and a tight quality supply limit the downside for feed wheat.

## Read by commodity

- SOY: neutral
- WHEAT: bearish ▼

## Sources

- farming.co.uk: https://farming.co.uk/news/wheat-and-osr-market-update-from-adm-

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