# Is the current price rally sustainable? | Farm Weekly | WA

> An analyst argues that the current wheat price rally may not be sustainable, noting that the usual seasonal pattern has been for prices to peak mid-year and fall into harvest. He points out that harvest is already underway in Europe and the Black Sea.

- Date: 2021-04-21 · published 2021-04-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/47640-is-the-current-price-rally-sustainable-farm-weekly-wa
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Doubts about the durability of the rally suggest that forward buyers should be cautious, as harvest pressure could push prices lower later in the year.

## Read by commodity

- WHEAT: neutral

## Sources

- farmweekly.com.au: https://www.farmweekly.com.au/story/7217949/is-the-current-price-rally-sustainable/

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