# Wheat falls as Russia eases limits, Australia sees bumper crop | Air Freight News

> Chicago wheat fell as much as 3.3% to $5.85 3/4 a bushel, its lowest in almost eight weeks, after Australia raised its wheat crop estimate 8% to 31.2 million tons. Russia also proposed easing its planned 2021 grain export curbs, with shippers saying supply is adequate. Soybeans and corn also declined after South American rain.

- Date: 2020-11-30 · published 2020-11-30T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/50196-wheat-falls-as-russia-eases-limits-australia-sees-bumper-crop-air-freight-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A larger Australian crop and looser Russian export limits add supply to the world wheat market, weighing on wheat and feed-grain prices. Dry South American conditions limit how far the decline can go.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-10-28 | [CBOT wheat falls as Russia issues grain vessel permits; soybeans, soyoil follow — TradingView News](https://feedsoft.ai/events/1335-cbot-wheat-falls-as-russia-issues-grain-vessel-permits-soybeans-soyoil-follow.md) | +0.2% | — |
| WHEAT | 2021-01-11 | [Bumper wheat crop helps Australia look beyond China \| Agriculture \| Al Jazeera](https://feedsoft.ai/events/49108-bumper-wheat-crop-helps-australia-look-beyond-china-agriculture-al-jazeera.md) | +1.4% | -4.0% |
| WHEAT | 2025-09-23 | [Russia’s wheat exports from Black Sea ports fall to 460kt](https://feedsoft.ai/events/14174-russia-s-wheat-exports-from-black-sea-ports-fall-to-460kt.md) | -0.2% | +1.8% |
| WHEAT | 2025-01-27 | [French wheat exports slump on poor crop, Algeria spat and Russian rivalry](https://feedsoft.ai/events/26443-french-wheat-exports-slump-on-poor-crop-algeria-spat-and-russian-rivalry.md) | +4.0% | +5.2% |
| WHEAT | 2020-10-24 | [East coast wheat harvest signals an end to Western Australian grain imports - ABC News](https://feedsoft.ai/events/50603-east-coast-wheat-harvest-signals-an-end-to-western-australian-grain-imports-abc.md) | -0.9% | -5.0% |
| KWHEAT | 2017-06-19 | [Russia 2017/18 wheat exports seen at record, Ukraine down 18% – Customs Today Newspaper](https://feedsoft.ai/events/70335-russia-2017-18-wheat-exports-seen-at-record-ukraine-down-18-customs-today.md) | -2.0% | +7.0% |
| KWHEAT | 2026-10-28 | [CBOT wheat futures slide on reports of Russia issuing Sea of Azov grain vessel permits — TradingView News](https://feedsoft.ai/events/90-cbot-wheat-futures-slide-on-reports-of-russia-issuing-sea-of-azov-grain-vessel.md) | +0.5% | — |
| KWHEAT | 2017-02-20 | [Russia, EU to vie for top spot in key wheat markets in 2017/18 – Customs Today Newspaper](https://feedsoft.ai/events/72431-russia-eu-to-vie-for-top-spot-in-key-wheat-markets-in-2017-18-customs-today.md) | -2.7% | -2.4% |

## Sources

- airfreight.news: https://airfreight.news/articles/full/wheat-falls-as-russia-eases-limits-australia-sees-bumper-crop

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