# Dry weather and Russian export concerns lift wheat - Markets - Business Recorder

> Chicago wheat rose on dry conditions in big exporting nations and concerns about Russian shipments, though it was still set for a weekly loss. Corn and soybeans gained slightly but were on track for weekly declines as US harvest advanced and Brazil planting improved. Russia has raised export duties and reportedly enforced a minimum price.

- Date: 2024-10-20 · published 2024-10-20T12:00:00.000Z
- Category: trade · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/27908-dry-weather-and-russian-export-concerns-lift-wheat-markets-business-recorder
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Russian export duties and minimum pricing reduce Black Sea supply and support wheat values, while harvest pressure keeps corn and soy capped.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-08-30 | [Russian wheat export prices up - Markets - Business Recorder](https://feedsoft.ai/events/45619-russian-wheat-export-prices-up-markets-business-recorder.md) | +0.2% | +0.5% |
| WHEAT | 2025-09-30 | [Russian wheat export prices rise on import demand - Markets - Business Recorder](https://feedsoft.ai/events/22955-russian-wheat-export-prices-rise-on-import-demand-markets-business-recorder.md) | +0.4% | +5.9% |
| WHEAT | 2022-06-30 | [EU wheat firm supported by Egypt tender, weaker euro - Markets - Business Recorder](https://feedsoft.ai/events/40979-eu-wheat-firm-supported-by-egypt-tender-weaker-euro-markets-business-recorder.md) | -8.7% | -16.4% |
| WHEAT | 2021-02-03 | [Euronext front-month wheat futures higher - Markets - Business Recorder](https://feedsoft.ai/events/5827-euronext-front-month-wheat-futures-higher-markets-business-recorder.md) | +0.3% | +12.4% |
| WHEAT | 2020-07-31 | [Ukraine's grain exports down 33pc in July - Markets - Business Recorder](https://feedsoft.ai/events/51988-ukraine-s-grain-exports-down-33pc-in-july-markets-business-recorder.md) | -1.7% | +0.9% |
| SOY | 2026-08-08 | [China July soybean imports drop on sow herd size concerns - Markets - Business Recorder](https://feedsoft.ai/events/17905-china-july-soybean-imports-drop-on-sow-herd-size-concerns-markets-business.md) | +1.5% | +11.9% |
| SOY | 2021-09-07 | [China's August soybean imports fall on flat demand - Markets - Business Recorder](https://feedsoft.ai/events/45066-china-s-august-soybean-imports-fall-on-flat-demand-markets-business-recorder.md) | -0.8% | -3.7% |
| SOY | 2026-06-20 | [Brazil’s soymeal export push challenges Argentina’s dominance - Markets - Business Recorder](https://feedsoft.ai/events/18881-brazil-s-soymeal-export-push-challenges-argentina-s-dominance-markets-business.md) | +0.3% | +9.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40327997

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