# Agribusiness News July 2024 - Cereals and Oilseeds | Helping farmers in Scotland

> UK November 2024 wheat futures rose about 15% through April and May on European and Black Sea weather risks, then fell 12% in June as harvest results proved better than expected. Russian yields are strong, Romanian and Bulgarian quality is excellent, and US winter wheat harvest is advancing quickly with yields highest since 2020.

- Date: 2024-07-01 · published 2024-07-01T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/29316-agribusiness-news-july-2024-cereals-and-oilseeds-helping-farmers-in-scotland
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Better-than-expected Black Sea and US harvests add export supply and pressure global wheat prices lower, which benefits feed grain buyers sourcing wheat.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-03-11 | [MMN March 2025 - Cereals Update \| Helping farmers in Scotland](https://feedsoft.ai/events/25644-mmn-march-2025-cereals-update-helping-farmers-in-scotland.md) | +5.7% | +1.9% |
| WHEAT | 2022-01-11 | [Headwinds facing farmers in 2022 \| The Land \| NSW](https://feedsoft.ai/events/43091-headwinds-facing-farmers-in-2022-the-land-nsw.md) | +3.4% | +1.9% |
| WHEAT | 2023-12-22 | [Limited business headed into long holiday weekend - Brownfield Ag News](https://feedsoft.ai/events/11284-limited-business-headed-into-long-holiday-weekend-brownfield-ag-news.md) | +0.9% | +1.5% |
| WHEAT | 2020-11-02 | [Just when Australia needs it, wheat farmers start bumper harvest](https://feedsoft.ai/events/50130-just-when-australia-needs-it-wheat-farmers-start-bumper-harvest.md) | -1.8% | -7.4% |
| WHEAT | 2021-06-18 | [Farming News - Wheat & Oilseed market update from ADM - UK wheat conditions continue to improve](https://feedsoft.ai/events/7307-farming-news-wheat-and-oilseed-market-update-from-adm-uk-wheat-conditions.md) | -7.5% | -11.2% |
| KWHEAT | 2022-07-15 | [Weather and recession fears trump USDA report - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/5593-weather-and-recession-fears-trump-usda-report-agweek-1-source-for-agriculture.md) | -0.7% | +2.5% |
| KWHEAT | 2021-04-29 | [Amid COVID-19 chaos and protests, India's farmers eye record wheat crop](https://feedsoft.ai/events/47566-amid-covid-19-chaos-and-protests-india-s-farmers-eye-record-wheat-crop.md) | +3.0% | -13.1% |
| KWHEAT | 2021-03-25 | [Wheat nears 3-month low on supply prospects; soy, corn also decline - Markets - Business Recorder](https://feedsoft.ai/events/12661-wheat-nears-3-month-low-on-supply-prospects-soy-corn-also-decline-markets.md) | -0.1% | +15.8% |

## Sources

- fas.scot: https://www.fas.scot/article/agribusiness-news-july-2024-cereals-and-oilseeds/

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