# Wheat falls on demand worries, but set for weekly gain - Markets - Business Recorder

> Chicago wheat fell on Friday on weak demand for US cargoes but was set for a weekly gain as dry weather slowed Russian planting. Russia's IKAR trimmed its 2024 wheat crop forecast to 81.8 million tonnes, and Russian winter sowing rates fell to an 11-year low.

- Date: 2024-09-27 · published 2024-09-27T12:00:00.000Z
- Category: weather · region Russia · magnitude low
- Page: https://feedsoft.ai/events/28348-wheat-falls-on-demand-worries-but-set-for-weekly-gain-markets-business-recorder
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower Russian crop forecasts and weak planting support wheat prices, though poor US export demand caps gains.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2024-05-17 | [Wheat rises on Russian crop woes, but US production outlook limits gains - Markets - Business Recorder](https://feedsoft.ai/events/4593-wheat-rises-on-russian-crop-woes-but-us-production-outlook-limits-gains-markets.md) | +5.6% | -6.8% |
| KWHEAT | 2025-02-18 | [Wheat eases from 4-month highs, soybean flat - Markets - Business Recorder](https://feedsoft.ai/events/26078-wheat-eases-from-4-month-highs-soybean-flat-markets-business-recorder.md) | -4.0% | -2.5% |
| KWHEAT | 2026-06-22 | [Wheat rallies tough to sustain, but El Niño, supply risks remain](https://feedsoft.ai/events/18845-wheat-rallies-tough-to-sustain-but-el-nino-supply-risks-remain.md) | -5.1% | +12.4% |
| KWHEAT | 2026-01-23 | [Global wheat market faces steep competition amid ample supply](https://feedsoft.ai/events/21100-global-wheat-market-faces-steep-competition-amid-ample-supply.md) | +4.0% | +8.8% |
| KWHEAT | 2024-05-20 | [Kansas Wheat Tour Shows Crop Set to Rescue Market Plagued by Russia Shortfall - Bloomberg](https://feedsoft.ai/events/4591-kansas-wheat-tour-shows-crop-set-to-rescue-market-plagued-by-russia-shortfall.md) | +9.0% | -8.5% |
| WHEAT | 2024-03-25 | [Wheat hits 3-week high on French crop worries - Markets - Business Recorder](https://feedsoft.ai/events/31240-wheat-hits-3-week-high-on-french-crop-worries-markets-business-recorder.md) | -0.6% | +1.9% |
| WHEAT | 2021-07-31 | [Wheat set for second monthly gain as drought cuts US yields - Markets - Business Recorder](https://feedsoft.ai/events/46098-wheat-set-for-second-monthly-gain-as-drought-cuts-us-yields-markets-business.md) | +1.8% | +2.3% |
| WHEAT | 2024-04-26 | [Wheat poised for biggest weekly rise in 2 years on supply fears - Markets - Business Recorder](https://feedsoft.ai/events/12142-wheat-poised-for-biggest-weekly-rise-in-2-years-on-supply-fears-markets.md) | -2.3% | +21.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40324330

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