# Demand-driven wheat rally supported by production uncertainty - Grain Central

> World wheat futures extended their rally last week, with all three US wheat exchanges posting a fourth straight higher weekly close, and Chicago and Kansas closing at their highest in over five years. Importers including Egypt, Algeria and several Asian buyers were active in tenders after entering harvest with thin cover.

- Date: 2020-10-27 · published 2020-10-27T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/50675-demand-driven-wheat-rally-supported-by-production-uncertainty-grain-central
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Broad import buying combined with weather concerns in key producing regions supports wheat prices and firms export demand for feed-grade wheat alternatives.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2018-03-15 | [Black Sea competition impacting Australian wheat prices: Rabo - Grain Central](https://feedsoft.ai/events/66043-black-sea-competition-impacting-australian-wheat-prices-rabo-grain-central.md) | -9.0% | -0.8% |
| KWHEAT | 2026-01-30 | [Wheat continues to rise - export demand supports US](https://feedsoft.ai/events/21105-wheat-continues-to-rise-export-demand-supports-us.md) | -1.6% | +4.7% |
| KWHEAT | 2019-08-13 | [Russia expanding supply footprint - Grain Central](https://feedsoft.ai/events/57477-russia-expanding-supply-footprint-grain-central.md) | -0.3% | -2.6% |
| KWHEAT | 2020-03-20 | [Wheat extends rally as China demand assessed \| Financial Post](https://feedsoft.ai/events/7271-wheat-extends-rally-as-china-demand-assessed-financial-post.md) | +4.7% | +2.8% |
| KWHEAT | 2017-07-20 | [Asian millers caught by wheat rally \| The Western Producer](https://feedsoft.ai/events/69999-asian-millers-caught-by-wheat-rally-the-western-producer.md) | -4.9% | -16.1% |
| WHEAT | 2018-03-15 | [Black Sea competition impacting Australian wheat prices: Rabo - Grain Central](https://feedsoft.ai/events/66043-black-sea-competition-impacting-australian-wheat-prices-rabo-grain-central.md) | -1.7% | -0.1% |
| WHEAT | 2019-12-12 | [Corn, wheat, soy rally on U.S.-China trade hopes, export demand \| Financial Post](https://feedsoft.ai/events/6298-corn-wheat-soy-rally-on-u-s-china-trade-hopes-export-demand-financial-post.md) | +2.5% | +4.4% |
| WHEAT | 2021-07-23 | [China’s grain auction and meat production patterns point to rising imports](https://feedsoft.ai/events/46074-china-s-grain-auction-and-meat-production-patterns-point-to-rising-imports.md) | -0.4% | +1.0% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/demand-driven-wheat-rally-supported-by-production-uncertainty/

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