# Markets follow 'buy the rumor, sell the fact' rule - Agweek | #1 source for agriculture news, farming, markets

> Wheat prices rallied briefly on forecasts of cold temperatures, then reversed as warmer, wetter forecasts emerged for the Kansas City belt. Brazil approved 750,000 metric tons of duty-free wheat from non-Mercosur origins after Rosario lowered Argentina's crop estimate to 19 million tons.

- Date: 2019-11-17 · published 2019-11-17T12:00:00.000Z
- Category: trade · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/11889-markets-follow-buy-the-rumor-sell-the-fact-rule-agweek-1-source-for-agriculture
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Brazil's duty-free import opening creates added export demand for US wheat, while Argentina's smaller crop tightens South American supply.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2019-11-18 | 1 | +2.5% | 3.1 | Published just before the 11/18 move, it covers the weather-forecast rally and reversal, Brazil's duty-free import quota and a lower Argentine crop estimate, which are plausible supply and trade-flow drivers of the volatility. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-05-21 | [Political turmoil affects markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/10224-political-turmoil-affects-markets-agweek-1-source-for-agriculture-news-farming.md) | +2.9% | +2.4% |
| WHEAT | 2019-01-20 | [Even slightly bullish news gives markets some movement - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12388-even-slightly-bullish-news-gives-markets-some-movement-agweek-1-source-for.md) | +3.3% | +2.1% |
| WHEAT | 2019-03-24 | [Grains trending off lows; China talks dragging on - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/9647-grains-trending-off-lows-china-talks-dragging-on-agweek-1-source-for.md) | +0.9% | -3.3% |
| WHEAT | 2019-10-27 | [A look at the demand side, even while harvest continues - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/56671-a-look-at-the-demand-side-even-while-harvest-continues-agweek-1-source-for.md) | -0.2% | +6.0% |
| WHEAT | 2023-12-15 | [Strong export demand boosts wheat, corn performance - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/9994-strong-export-demand-boosts-wheat-corn-performance-agweek-1-source-for.md) | +2.0% | +3.1% |
| KWHEAT | 2017-05-21 | [Political turmoil affects markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/10224-political-turmoil-affects-markets-agweek-1-source-for-agriculture-news-farming.md) | -0.1% | +7.9% |
| KWHEAT | 2019-03-24 | [Grains trending off lows; China talks dragging on - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/9647-grains-trending-off-lows-china-talks-dragging-on-agweek-1-source-for.md) | -3.4% | -7.5% |
| KWHEAT | 2017-11-24 | [Farming News - EU markets at the mercy of aggressive Black Sea shipping campaigns](https://feedsoft.ai/events/67921-farming-news-eu-markets-at-the-mercy-of-aggressive-black-sea-shipping-campaigns.md) | -1.5% | +0.8% |

## Sources

- agweek.com: https://www.agweek.com/opinion/markets-follow-buy-the-rumor-sell-the-fact-rule

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