# Looming record harvest cuts wheat price - Milling and Grain

> Looming harvest pressure pushed leading wheat price indicators toward 10-month lows. The world wheat crop is seen near a record 770 million tonnes, with global stocks expected to hit record levels.

- Date: 2020-09-12 · published 2020-09-12T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/51064-looming-record-harvest-cuts-wheat-price-milling-and-grain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A record global crop and large stockpiles keep wheat prices under pressure, limiting the cost of wheat used in feed rations.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- millingandgrain.com: https://millingandgrain.com/looming-record-harvest-cuts-wheat-price-23047/

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