# Grain Highlights 01.12.2020

> ABARES raised its 2020/21 Australian wheat production forecast to 31.17 million tons from 28.91 million. Russia may also raise its duty-free wheat export quota from 15 million to 17.5 million tons.

- Date: 2020-12-01 · published 2020-12-01T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/49511-grain-highlights-01-12-2020
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A larger Australian crop and a bigger Russian duty-free quota both add exportable wheat supply, which weighs on global wheat prices.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-11-26 | [Grain Highlights 26.11.2021](https://feedsoft.ai/events/14530-grain-highlights-26-11-2021.md) | -0.8% | -3.5% |
| WHEAT | 2024-12-05 | [Grains Report 12/05/2024 - Market InsightsMarket Insights](https://feedsoft.ai/events/27010-grains-report-12-05-2024-market-insightsmarket-insights.md) | +1.1% | +1.9% |
| WHEAT | 2024-01-30 | [Grains Report 01/30/2024 - Market InsightsMarket Insights](https://feedsoft.ai/events/32157-grains-report-01-30-2024-market-insightsmarket-insights.md) | -1.3% | -8.7% |
| WHEAT | 2020-03-26 | [Morning Market Review for March 26, 2020 - HighLine Grain Growers, Inc](https://feedsoft.ai/events/11212-morning-market-review-for-march-26-2020-highline-grain-growers-inc.md) | +1.9% | +2.0% |
| WHEAT | 2020-06-12 | [Daily Market Wire 12 June 2020 - Grain Central](https://feedsoft.ai/events/4927-daily-market-wire-12-june-2020-grain-central.md) | -1.3% | -4.6% |

## Sources

- grainsprices.com: https://grainsprices.com/article/15869

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