# International Issues Pushing Wheat Prices Higher

> USDA's Outlook Board chairman said U.S. wheat stocks are at a six-year low, supporting prices. USDA cut Argentina's wheat forecast by one million tons due to dry conditions, and half the U.S. crop is marketed at an average price of $4.70 a bushel.

- Date: 2020-11-18 · published 2020-11-18T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/50201-international-issues-pushing-wheat-prices-higher
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tight U.S. wheat stocks and a smaller Argentine crop support wheat prices for feed buyers. Global stocks remain large, limiting the upside.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2018-06-28 | [Strong Demand Pushes Global Wheat Prices Higher - U.S. Wheat Associates](https://feedsoft.ai/events/64554-strong-demand-pushes-global-wheat-prices-higher-u-s-wheat-associates.md) | +4.7% | +16.0% |
| KWHEAT | 2021-12-15 | [Higher grain prices expected in 2022 \| Capital Press](https://feedsoft.ai/events/43671-higher-grain-prices-expected-in-2022-capital-press.md) | +4.5% | -3.4% |
| KWHEAT | 2018-01-26 | [Wheat analysts struggle to get handle on international market  \| Farm Online \| ACT](https://feedsoft.ai/events/67032-wheat-analysts-struggle-to-get-handle-on-international-market-farm-online-act.md) | +7.4% | +7.8% |
| KWHEAT | 2022-06-10 | [June WASDE: More hard red wheat losses push up prices](https://feedsoft.ai/events/40895-june-wasde-more-hard-red-wheat-losses-push-up-prices.md) | -0.5% | -20.2% |
| KWHEAT | 2019-07-11 | [Global Wheat Stocks Revised Lower, Boosting Prices](https://feedsoft.ai/events/58151-global-wheat-stocks-revised-lower-boosting-prices.md) | +0.1% | -5.3% |
| WHEAT | 2018-06-28 | [Strong Demand Pushes Global Wheat Prices Higher - U.S. Wheat Associates](https://feedsoft.ai/events/64554-strong-demand-pushes-global-wheat-prices-higher-u-s-wheat-associates.md) | -4.2% | +0.8% |
| WHEAT | 2022-04-08 | [Ukraine war drives international food prices to ‘new all-time high’ \| UN News](https://feedsoft.ai/events/14496-ukraine-war-drives-international-food-prices-to-new-all-time-high-un-news.md) | -2.0% | +4.8% |
| WHEAT | 2021-05-05 | [Prices higher, corn continues tight: IGC - Grain Central](https://feedsoft.ai/events/47118-prices-higher-corn-continues-tight-igc-grain-central.md) | +5.2% | -1.0% |

## Sources

- pnwag.net: https://pnwag.net/international-issues-pushing-wheat-prices-higher/

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