# Dryness supports prices | WA

> CBOT wheat futures held near six-year highs as Algeria and Egypt tenders showed strong global demand. Drought in the U.S. winter wheat areas worsened, with 48% of the crop drought-declared, and dry conditions persist in southern Russia and Ukraine.

- Date: 2020-10-29 · published 2020-10-29T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/50690-dryness-supports-prices-wa
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Drought in U.S., Russia and Ukraine combined with strong import tenders keeps wheat prices supported, lifting feed wheat costs for buyers.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-04-19 | [Wheat Prices Rise On Russia Dryness](https://feedsoft.ai/events/30701-wheat-prices-rise-on-russia-dryness.md) | +0.8% | +2.3% |
| WHEAT | 2018-02-06 | [US crop worries supports wheat prices \| VIC](https://feedsoft.ai/events/66543-us-crop-worries-supports-wheat-prices-vic.md) | +0.6% | +2.4% |
| WHEAT | 2019-12-03 | [Feed Barley Prices Supported By China Demand](https://feedsoft.ai/events/55535-feed-barley-prices-supported-by-china-demand.md) | -4.1% | -1.4% |
| WHEAT | 2019-07-31 | [Dryness in Europe tightening wheat supply -  Premium](https://feedsoft.ai/events/58153-dryness-in-europe-tightening-wheat-supply-premium.md) | -1.2% | -0.4% |
| WHEAT | 2020-09-28 | [Russia’s wheat prices reverse, will Black Sea dryness help wheat bulls? - The Sizov Report blog](https://feedsoft.ai/events/51157-russia-s-wheat-prices-reverse-will-black-sea-dryness-help-wheat-bulls-the-sizov.md) | +6.7% | +11.4% |
| KWHEAT | 2018-02-06 | [US crop worries supports wheat prices \| VIC](https://feedsoft.ai/events/66543-us-crop-worries-supports-wheat-prices-vic.md) | +3.4% | +14.6% |
| KWHEAT | 2020-09-28 | [Russia’s wheat prices reverse, will Black Sea dryness help wheat bulls? - The Sizov Report blog](https://feedsoft.ai/events/51157-russia-s-wheat-prices-reverse-will-black-sea-dryness-help-wheat-bulls-the-sizov.md) | +7.2% | +19.9% |
| KWHEAT | 2023-02-14 | [Wheat prices are supported by forecasts of a reduced harvest next season](https://feedsoft.ai/events/37374-wheat-prices-are-supported-by-forecasts-of-a-reduced-harvest-next-season.md) | -0.9% | -10.8% |

## Sources

- farmweekly.com.au: https://www.farmweekly.com.au/story/6987766/dryness-supports-prices/

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