# Wheat quotations on world exchanges rose by 2-2.6% after updating multi-year lows

> Wheat futures rebounded 2-2.6% on August 27 after multi-year lows, as traders reacted to a cut in EU soft wheat yield by MARS to 5.68 t/ha and a lower German wheat forecast from DRV at 18.8 mln t. EU wheat exports in 2024/25 were 22% below last year's pace as of August 23.

- Date: 2024-08-28 · published 2024-08-28T12:00:00.000Z
- Category: report · region EU · magnitude medium
- Page: https://feedsoft.ai/events/28808-wheat-quotations-on-world-exchanges-rose-by-2-2-6-after-updating-multi-year-lows
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A smaller EU crop and slow EU export pace support Euronext and Black Sea export prices, though Chicago and Kansas City remain near multi-year lows. Buyers should expect firmer European wheat offers, while US wheat stays pressured by ample supplies.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: neutral
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2021-05-27 | [World Wheat Market Factors to Watch in the New U.S. Marketing Year](https://feedsoft.ai/events/47134-world-wheat-market-factors-to-watch-in-the-new-u-s-marketing-year.md) | +4.3% | +1.2% |
| KWHEAT | 2026-05-12 | [Report Reaction \| Wheat futures surge after USDA pegs production well below trade expectations - Pro Farmer](https://feedsoft.ai/events/10791-report-reaction-wheat-futures-surge-after-usda-pegs-production-well-below-trade.md) | +4.5% | -6.3% |
| KWHEAT | 2021-09-30 | [Soybeans Plunge, Wheat Rallies on USDA Stocks and Production Changes](https://feedsoft.ai/events/45035-soybeans-plunge-wheat-rallies-on-usda-stocks-and-production-changes.md) | +4.7% | +10.0% |
| KWHEAT | 2024-10-31 | [CBOT wheat firms again on worse than expected winter wheat conditions - AgriInsite](https://feedsoft.ai/events/27899-cbot-wheat-firms-again-on-worse-than-expected-winter-wheat-conditions-agriinsite.md) | -0.3% | -8.6% |
| KWHEAT | 2017-01-12 | [U.S. farmers cut winter wheat acres to 108-year low - Manitoba Co-operator](https://feedsoft.ai/events/72943-u-s-farmers-cut-winter-wheat-acres-to-108-year-low-manitoba-co-operator.md) | +2.4% | +4.5% |
| WHEAT | 2024-05-18 | [French wheat conditions hold at 4-year low, maize planting picks up - AgriInsite](https://feedsoft.ai/events/30176-french-wheat-conditions-hold-at-4-year-low-maize-planting-picks-up-agriinsite.md) | +19.7% | +8.5% |
| WHEAT | 2025-12-15 | [Corn, wheat export inspections maintain faster than last year paces - Brownfield Ag News](https://feedsoft.ai/events/21543-corn-wheat-export-inspections-maintain-faster-than-last-year-paces-brownfield.md) | -0.3% | +0.4% |
| WHEAT | 2021-05-06 | [India's 2021-22 wheat exports seen 26% lower on year at 2 mil mt: USDA attache \| S&P Global](https://feedsoft.ai/events/47050-india-s-2021-22-wheat-exports-seen-26-lower-on-year-at-2-mil-mt-usda-attache-s.md) | +4.6% | -1.5% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/wheat-quotations-on-world-exchanges-rose-by-2-2-6-after-updating-multi-year-lows/

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