# Wheat gains as traders weigh export prospects amid Hurricane Ida | Air Freight News

> Wheat rose as much as 1.5% on Monday as traders assessed whether Hurricane Ida would disrupt U.S. grain exports. Major grain traders shut export terminals and at least one soybean crusher, and the lower Mississippi handles more than half of U.S. soybean and corn shipments. Supply pressure from weather damage in Russia, Canada and Europe also supported wheat.

- Date: 2021-08-30 · published 2021-08-30T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/45609-wheat-gains-as-traders-weigh-export-prospects-amid-hurricane-ida-air-freight
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Closed Gulf export terminals delay shipments and can tighten nearby supply and firm wheat bids, while Canadian production losses add to a global wheat shortfall.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-04-26 | [Wheat farmers ask Canada to step in as strike threatens exports \| Air Freight News](https://feedsoft.ai/events/36423-wheat-farmers-ask-canada-to-step-in-as-strike-threatens-exports-air-freight-news.md) | -0.1% | -2.5% |
| WHEAT | 2021-08-30 | [Hurricane Ida damages Louisiana grain terminal, disrupts exports \| Reuters](https://feedsoft.ai/events/45732-hurricane-ida-damages-louisiana-grain-terminal-disrupts-exports-reuters.md) | +0.2% | +0.5% |
| WHEAT | 2021-07-09 | [Double whammy for food buyers as freight costs spike amid high grain prices \| Reuters](https://feedsoft.ai/events/45908-double-whammy-for-food-buyers-as-freight-costs-spike-amid-high-grain-prices.md) | -1.4% | -0.0% |
| WHEAT | 2023-06-26 | [Ukraine traders seek other export options as grain corridor hopes fade - Fastmarkets](https://feedsoft.ai/events/14387-ukraine-traders-seek-other-export-options-as-grain-corridor-hopes-fade.md) | +7.1% | -0.1% |
| WHEAT | 2022-03-09 | [Explainer: India's wheat exports surge as world prices soar \| Reuters](https://feedsoft.ai/events/42246-explainer-india-s-wheat-exports-surge-as-world-prices-soar-reuters.md) | -3.1% | +3.6% |
| KWHEAT | 2023-04-26 | [Wheat farmers ask Canada to step in as strike threatens exports \| Air Freight News](https://feedsoft.ai/events/36423-wheat-farmers-ask-canada-to-step-in-as-strike-threatens-exports-air-freight-news.md) | -5.7% | +2.8% |
| KWHEAT | 2022-03-09 | [Explainer: India's wheat exports surge as world prices soar \| Reuters](https://feedsoft.ai/events/42246-explainer-india-s-wheat-exports-surge-as-world-prices-soar-reuters.md) | -2.4% | -8.7% |
| KWHEAT | 2020-12-22 | [CBOT wheat lifts amid export market uncertainty - Markets - Business Recorder](https://feedsoft.ai/events/49689-cbot-wheat-lifts-amid-export-market-uncertainty-markets-business-recorder.md) | +1.8% | +10.7% |

## Sources

- airfreight.news: https://airfreight.news/articles/full/wheat-gains-as-traders-weigh-export-prospects-amid-hurricane-ida

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