# Wheat markets fall: Harvest pressure from Argentina and

> Wheat prices fell on Wednesday, with the March CBOT contract down 9.25 cents to 548.5 cents a bushel. Harvests starting in Argentina and Australia added selling pressure, and Australia's government forecasts a record crop of 31.8 million tons.

- Date: 2024-11-28 · published 2024-11-28T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/11778-wheat-markets-fall-harvest-pressure-from-argentina-and
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A record Australian crop and Southern Hemisphere harvest pressure add to global wheat supply, which tends to keep export prices under pressure.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-10-01 | [Grain markets pressured by harvest and rising stocks \| Saxo](https://feedsoft.ai/events/22425-grain-markets-pressured-by-harvest-and-rising-stocks-saxo.md) | +0.6% | +6.4% |
| WHEAT | 2024-11-26 | [Improved crop condition in the US and accelerated harvest in Australia and Argentina increase pressure on wheat prices](https://feedsoft.ai/events/11780-improved-crop-condition-in-the-us-and-accelerated-harvest-in-australia-and.md) | -0.1% | +2.1% |
| WHEAT | 2026-10-28 | [Wheat and barley markets face pressure as global grain supplies rise \| The Scottish Farmer](https://feedsoft.ai/events/123-wheat-and-barley-markets-face-pressure-as-global-grain-supplies-rise-the.md) | +0.2% | — |
| WHEAT | 2025-06-30 | [CBOT wheat ends lower on US stocks data, harvest pressure](https://feedsoft.ai/events/24255-cbot-wheat-ends-lower-on-us-stocks-data-harvest-pressure.md) | -0.7% | -1.8% |
| WHEAT | 2023-01-30 | [Wheat: Too Many Upward Price Pressure \| Investing.com](https://feedsoft.ai/events/37832-wheat-too-many-upward-price-pressure-investing-com.md) | +3.4% | +1.2% |

## Sources

- zmp.de: https://www.zmp.de/en/futures/grains/news/newsticker-wheat-markets-fall-harvest-pressure-argentina-and-australia-2024-11

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