# Prices rally as Russian crop reduces: Grain market daily | AHDB

> UK feed wheat futures for November 2021 closed at £170.90/t and rose further in early trade. Paris milling wheat rose after French crop conditions weakened on wet weather. Russian wheat forecasts from USDA, SovEcon and IKAR were all lowered.

- Date: 2021-07-16 · published 2021-07-16T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/46105-prices-rally-as-russian-crop-reduces-grain-market-daily-ahdb
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower Russian crop forecasts and weaker EU crop conditions tighten export supplies, supporting European and global feed wheat prices.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-04-26 | [Dry Russian winter wheat areas in focus: Grain market daily \| AHDB](https://feedsoft.ai/events/12145-dry-russian-winter-wheat-areas-in-focus-grain-market-daily-ahdb.md) | -2.3% | +21.2% |
| WHEAT | 2020-08-14 | [Why have markets rallied while US crop estimates grow? Grain Market Daily \| AHDB](https://feedsoft.ai/events/11344-why-have-markets-rallied-while-us-crop-estimates-grow-grain-market-daily-ahdb.md) | +0.8% | +11.5% |
| WHEAT | 2024-04-10 | [Heavy rains impact European crop conditions: Grain market daily \| AHDB](https://feedsoft.ai/events/30698-heavy-rains-impact-european-crop-conditions-grain-market-daily-ahdb.md) | -0.4% | -0.3% |
| WHEAT | 2019-12-06 | [Rainfall continues to delay French plantings: Grain Market Daily \| AHDB](https://feedsoft.ai/events/11057-rainfall-continues-to-delay-french-plantings-grain-market-daily-ahdb.md) | -3.5% | -0.6% |
| WHEAT | 2023-08-04 | [Quality worries in Europe as rain stalls harvest: Grain market daily \| AHDB](https://feedsoft.ai/events/34521-quality-worries-in-europe-as-rain-stalls-harvest-grain-market-daily-ahdb.md) | +1.0% | -6.6% |
| CORN | 2020-07-01 | [What do bumper Oz crops mean for your price? Grain Market Daily \| AHDB](https://feedsoft.ai/events/52066-what-do-bumper-oz-crops-mean-for-your-price-grain-market-daily-ahdb.md) | +1.9% | -4.5% |
| CORN | 2020-08-14 | [Why have markets rallied while US crop estimates grow? Grain Market Daily \| AHDB](https://feedsoft.ai/events/11344-why-have-markets-rallied-while-us-crop-estimates-grow-grain-market-daily-ahdb.md) | +0.7% | +7.2% |
| CORN | 2021-08-24 | [Dry weather risk for 2021/22 South American crops: Grain market daily \| AHDB](https://feedsoft.ai/events/45430-dry-weather-risk-for-2021-22-south-american-crops-grain-market-daily-ahdb.md) | -0.4% | -10.1% |

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/prices-rally-as-russian-crop-reduces-grain-market-daily

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