# WHEAT SCOOPS: Higher wheat prices may be here for a while

> Farm Press reports that world wheat production and use are both projected at records for 2020/21, with world ending stocks rising to a record 11.2 billion bushels. U.S. wheat ending stocks are falling sharply, and Russia is imposing an export tax of about 82 cents per bushel that may rise to $1.64 with a permanent formula from June 2021.

- Date: 2021-02-26 · published 2021-02-26T12:00:00.000Z
- Category: policy · region Russia · magnitude medium
- Page: https://feedsoft.ai/events/48660-wheat-scoops-higher-wheat-prices-may-be-here-for-a-while
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Russia's export tax and tighter U.S. stocks reduce available supply in export markets, supporting wheat prices for feed buyers even with record global output.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2022-01-20 | [WHEAT SCOOPS: Wheat prices are all over the board](https://feedsoft.ai/events/43191-wheat-scoops-wheat-prices-are-all-over-the-board.md) | +2.0% | +1.0% |
| KWHEAT | 2022-05-17 | [Global Wheat Prices Outlook For Australian Growers](https://feedsoft.ai/events/41375-global-wheat-prices-outlook-for-australian-growers.md) | -5.6% | -15.5% |
| KWHEAT | 2023-04-21 | [Russian wheat trade falls silent as price floor leaves market 'broken'](https://feedsoft.ai/events/36463-russian-wheat-trade-falls-silent-as-price-floor-leaves-market-broken.md) | -7.3% | +2.0% |
| KWHEAT | 2025-01-30 | [Russian wheat prices jump to highest since June on falling supply \| S&P Global](https://feedsoft.ai/events/26558-russian-wheat-prices-jump-to-highest-since-june-on-falling-supply-s-and-p-global.md) | +2.0% | -1.6% |
| KWHEAT | 2024-10-11 | [Exclusive: Russia sets price floor for wheat at international tenders, sources say](https://feedsoft.ai/events/27907-exclusive-russia-sets-price-floor-for-wheat-at-international-tenders-sources-say.md) | -2.5% | -6.9% |
| WHEAT | 2022-01-20 | [WHEAT SCOOPS: Wheat prices are all over the board](https://feedsoft.ai/events/43191-wheat-scoops-wheat-prices-are-all-over-the-board.md) | +0.8% | -2.1% |
| WHEAT | 2020-10-26 | [Russian wheat prices rise amid dry weather, high demand \| Financial Post](https://feedsoft.ai/events/50679-russian-wheat-prices-rise-amid-dry-weather-high-demand-financial-post.md) | -0.9% | -5.0% |
| WHEAT | 2022-05-17 | [Global Wheat Prices Outlook For Australian Growers](https://feedsoft.ai/events/41375-global-wheat-prices-outlook-for-australian-growers.md) | -2.8% | -3.7% |

## Sources

- farmprogress.com: https://www.farmprogress.com/wheat/wheat-scoops-higher-wheat-prices-may-be-here-for-a-while

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