# Production losses in important export regions are

> US wheat futures rose more than 1% as supply concerns grew from production losses in key export regions. SovEcon cut its Russian wheat export forecast to a five-year low, partly due to a smaller harvest. A weaker U.S. dollar and a storm in the Gulf of Mexico that pushed crude higher also contributed.

- Date: 2021-08-30 · published 2021-08-30T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/45613-production-losses-in-important-export-regions-are
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower Russian export availability removes supply from the world market, which supports global wheat prices and export competition for U.S. wheat.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-09-12 | [Oil rises 2% as storm batters US Gulf of Mexico production](https://feedsoft.ai/events/10166-oil-rises-2-as-storm-batters-us-gulf-of-mexico-production.md) | +5.3% | +8.4% |
| WTI | 2021-02-23 | [Oil producers eye long road to recovery as Texas begins to thaw](https://feedsoft.ai/events/48811-oil-producers-eye-long-road-to-recovery-as-texas-begins-to-thaw.md) | -1.7% | -0.2% |
| WTI | 2021-02-15 | [Oil hits pandemic high as winter storm pushes demand and poses production risk](https://feedsoft.ai/events/48835-oil-hits-pandemic-high-as-winter-storm-pushes-demand-and-poses-production-risk.md) | +3.6% | +9.9% |
| WTI | 2021-03-01 | [Texas freeze helps rival oil exporters like Saudi Arabia 'tremendously,' may influence OPEC decisions](https://feedsoft.ai/events/48812-texas-freeze-helps-rival-oil-exporters-like-saudi-arabia-tremendously-may.md) | +7.4% | -1.0% |
| WTI | 2016-06-17 | [Futures File: Petro production picks up; Wheat market wilts – Greeley Tribune](https://feedsoft.ai/events/11731-futures-file-petro-production-picks-up-wheat-market-wilts-greeley-tribune.md) | +7.4% | -0.5% |
| KWHEAT | 2022-08-02 | [Argentina loses export opportunity - Grain Central](https://feedsoft.ai/events/14014-argentina-loses-export-opportunity-grain-central.md) | -2.2% | +5.3% |
| KWHEAT | 2025-03-18 | [CBOT wheat prices rise amid moisture shortage in the Black Sea region](https://feedsoft.ai/events/5627-cbot-wheat-prices-rise-amid-moisture-shortage-in-the-black-sea-region.md) | -4.5% | -8.3% |
| KWHEAT | 2020-05-26 | [Wheat production concerns in Europe spook markets - Grain Central](https://feedsoft.ai/events/53054-wheat-production-concerns-in-europe-spook-markets-grain-central.md) | +4.0% | -3.0% |

## Sources

- zmp.de: https://www.zmp.de/en/futures/news/newsticker-production-losses-important-export-regions-are-causing-wheat-prices-rise

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