# Wheat prices decline after two month steady rise | 620 CKRM - The Voice of Saskatchewan | Harvard Media

> Wheat prices fell about 20 cents a bushel in the week to Oct. 28 after recent rain in the U.S. Midwest and Russia eased dryness concerns. The analyst expects a further 25 to 30 cent decline, with a possible rebound in February-March depending on weather.

- Date: 2020-10-29 · published 2020-10-29T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/50688-wheat-prices-decline-after-two-month-steady-rise-620-ckrm-the-voice-of
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Rain easing Russian and U.S. dryness removes some supply risk premium, so wheat and canola feed costs may soften in the near term.

## Read by commodity

- WHEAT: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-05-17 | [Forecasts of a good wheat harvest in the US and the EU continue to lower stock prices](https://feedsoft.ai/events/10908-forecasts-of-a-good-wheat-harvest-in-the-us-and-the-eu-continue-to-lower-stock.md) | +19.4% | +8.4% |
| WHEAT | 2023-08-30 | [Despite the decrease in the forecast for the harvest in Canada, wheat prices fell by 1.3-3.3%](https://feedsoft.ai/events/34633-despite-the-decrease-in-the-forecast-for-the-harvest-in-canada-wheat-prices.md) | +0.2% | +1.5% |
| WHEAT | 2018-04-18 | [Wheat prices fall on US rain, but dry threat remains for winter crop \| Farm Online \| ACT](https://feedsoft.ai/events/65564-wheat-prices-fall-on-us-rain-but-dry-threat-remains-for-winter-crop-farm-online.md) | +0.1% | -0.9% |
| WHEAT | 2021-03-25 | [Wheat nears 3-month low on supply prospects; soy, corn also decline - Markets - Business Recorder](https://feedsoft.ai/events/12661-wheat-nears-3-month-low-on-supply-prospects-soy-corn-also-decline-markets.md) | -0.8% | +0.5% |
| WHEAT | 2023-05-29 | [French Soft Wheat Crop Rating Steady At Decade High \| ESM Magazine](https://feedsoft.ai/events/35914-french-soft-wheat-crop-rating-steady-at-decade-high-esm-magazine.md) | -1.4% | -1.7% |

## Sources

- 620ckrm.com: https://www.620ckrm.com/2020/10/29/wheat-prices-decline-after-two-month-steady-rise/

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