# Fundamental factors stopped speculative price increases for wheat

> Wheat futures fell after weak U.S. export sales, with the lowest weekly sales of the season as importers held off buying higher-priced U.S. wheat. The IGC raised its 2020/21 world wheat production forecast by 6 million tonnes to 773 million tonnes.

- Date: 2021-02-26 · published 2021-02-26T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/48662-fundamental-factors-stopped-speculative-price-increases-for-wheat
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Weak US export demand and higher world output estimates point to softer wheat prices, reducing feed wheat costs in the near term.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-12-05 | [After a speculative jump in wheat prices continue to decline](https://feedsoft.ai/events/11056-after-a-speculative-jump-in-wheat-prices-continue-to-decline.md) | -3.9% | -1.3% |
| WHEAT | 2026-10-20 | [Weak demand for US wheat increases price pressure on Ukrainian and EU markets](https://feedsoft.ai/events/458-weak-demand-for-us-wheat-increases-price-pressure-on-ukrainian-and-eu-markets.md) | -0.7% | — |
| WHEAT | 2021-02-02 | [Record wheat exports from Russia increases pressure on prices](https://feedsoft.ai/events/48490-record-wheat-exports-from-russia-increases-pressure-on-prices.md) | +0.3% | +11.6% |
| WHEAT | 2019-03-11 | [EU competitive pricing explains late-season spike in wheat sales: USDA - Grain Central](https://feedsoft.ai/events/10669-eu-competitive-pricing-explains-late-season-spike-in-wheat-sales-usda-grain.md) | +1.1% | -1.1% |
| WHEAT | 2024-06-24 | [Improved U.S. Wheat Price Competitiveness Helps Drive Exports \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/29799-improved-u-s-wheat-price-competitiveness-helps-drive-exports-usda-foreign.md) | -6.8% | -2.9% |
| KWHEAT | 2019-12-05 | [After a speculative jump in wheat prices continue to decline](https://feedsoft.ai/events/11056-after-a-speculative-jump-in-wheat-prices-continue-to-decline.md) | -2.3% | +11.7% |
| KWHEAT | 2026-10-20 | [Weak demand for US wheat increases price pressure on Ukrainian and EU markets](https://feedsoft.ai/events/458-weak-demand-for-us-wheat-increases-price-pressure-on-ukrainian-and-eu-markets.md) | -4.6% | — |
| KWHEAT | 2021-02-02 | [Record wheat exports from Russia increases pressure on prices](https://feedsoft.ai/events/48490-record-wheat-exports-from-russia-increases-pressure-on-prices.md) | +2.3% | +0.3% |

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/fundamentalni-chinniki-zupinili-spekulyativne-zrostannya-tcin-na-pshenitcyu.html

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