# Tight global wheat story is stuck on repeat, supporting market bears  | Reuters

> Wheat crop outlooks for 2023-24 in Argentina, Australia, Canada and the European Union fell a combined 7 million metric tons from the previous month. Those four exporters are slated to ship 91 million metric tons this year.

- Date: 2023-09-14 · published 2023-09-14T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/34029-tight-global-wheat-story-is-stuck-on-repeat-supporting-market-bears-reuters
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower exporter supplies from poor weather tighten global wheat availability, which supports prices despite bearish market sentiment.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2022-05-31 | [Insight: U.S. wheat crop hit by dry winter then soggy spring, adding to global tightness \| Reuters](https://feedsoft.ai/events/41447-insight-u-s-wheat-crop-hit-by-dry-winter-then-soggy-spring-adding-to-global.md) | -5.3% | -20.4% |
| KWHEAT | 2022-04-22 | [Rabobank: ‘The wheat market is on fire’](https://feedsoft.ai/events/41887-rabobank-the-wheat-market-is-on-fire.md) | -0.1% | +13.8% |
| KWHEAT | 2019-12-10 | [What Surprises Are Stirring the Global Wheat Markets? \| CZ app](https://feedsoft.ai/events/10580-what-surprises-are-stirring-the-global-wheat-markets-cz-app.md) | +12.3% | +16.6% |
| KWHEAT | 2021-11-22 | [Wheat soars to 9-year peak on supply concerns, strong demand \| Reuters](https://feedsoft.ai/events/44080-wheat-soars-to-9-year-peak-on-supply-concerns-strong-demand-reuters.md) | +2.3% | -2.6% |
| KWHEAT | 2022-03-09 | [US Winter Wheat Production Won’t Ease Tight Global Supplies](https://feedsoft.ai/events/42322-us-winter-wheat-production-won-t-ease-tight-global-supplies.md) | -2.4% | -8.7% |
| WHEAT | 2022-05-31 | [Insight: U.S. wheat crop hit by dry winter then soggy spring, adding to global tightness \| Reuters](https://feedsoft.ai/events/41447-insight-u-s-wheat-crop-hit-by-dry-winter-then-soggy-spring-adding-to-global.md) | -1.4% | -1.3% |
| WHEAT | 2022-06-16 | [Internal woes blunt Argentina’s wheat export clout amid tight global supplies - Fastmarkets](https://feedsoft.ai/events/14031-internal-woes-blunt-argentina-s-wheat-export-clout-amid-tight-global-supplies.md) | -2.3% | -13.8% |
| WHEAT | 2022-04-22 | [Rabobank: ‘The wheat market is on fire’](https://feedsoft.ai/events/41887-rabobank-the-wheat-market-is-on-fire.md) | +8.5% | +12.7% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/tight-global-wheat-story-is-stuck-repeat-supporting-market-bears-2023-09-14/

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