# U.S. wheat futures fall on U.S. export woes; corn, soybeans firm | Financial Post

> US wheat futures fell about 2% as larger expected harvests in Russia and Australia weighed on already weak US export demand. Russian consultancy IKAR raised its 2020 Russian wheat crop forecast to 79.5 million tonnes, while corn and soybeans firmed.

- Date: 2020-08-03 · published 2020-08-03T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/51658-u-s-wheat-futures-fall-on-u-s-export-woes-corn-soybeans-firm-financial-post
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expectations of bigger Russian and Australian crops undercut US wheat export competitiveness, pressuring futures and basis.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-09-23 | [U.S. wheat futures fall on fading export hopes, corn weak, soy flat](https://feedsoft.ai/events/10534-u-s-wheat-futures-fall-on-fading-export-hopes-corn-weak-soy-flat.md) | +5.5% | +10.8% |
| WHEAT | 2022-12-07 | [Wheat steadies after one-year low, soybeans hold firm \| Financial Post](https://feedsoft.ai/events/6644-wheat-steadies-after-one-year-low-soybeans-hold-firm-financial-post.md) | +10.0% | +8.7% |
| WHEAT | 2025-07-25 | [U.S. grains: Chicago wheat futures dip on global supply pressure; corn, soybeans fall - AgCanada](https://feedsoft.ai/events/23793-u-s-grains-chicago-wheat-futures-dip-on-global-supply-pressure-corn-soybeans.md) | -1.2% | +0.8% |
| WHEAT | 2020-07-16 | [Soy, corn higher on improving export demand for U.S. supplies \| Financial Post](https://feedsoft.ai/events/52159-soy-corn-higher-on-improving-export-demand-for-u-s-supplies-financial-post.md) | -0.0% | -2.6% |
| WHEAT | 2017-01-06 | [Exports pressure U.S. corn, soybeans; wheat eases on profit-taking - Jamestown Sun \| News, weather, sports from Jamestown North Dakota](https://feedsoft.ai/events/73050-exports-pressure-u-s-corn-soybeans-wheat-eases-on-profit-taking-jamestown-sun.md) | +1.9% | +3.5% |
| KWHEAT | 2019-06-03 | [US wheat futures fall](https://feedsoft.ai/events/58651-us-wheat-futures-fall.md) | -5.1% | -4.5% |
| KWHEAT | 2024-12-20 | [World grain market: Wheat fell, while corn and soybeans rose on Thursday](https://feedsoft.ai/events/26986-world-grain-market-wheat-fell-while-corn-and-soybeans-rose-on-thursday.md) | +2.1% | +5.9% |
| KWHEAT | 2017-10-18 | [U.S. grains: Wheat down on weak export demand - Country Guide](https://feedsoft.ai/events/68498-u-s-grains-wheat-down-on-weak-export-demand-country-guide.md) | +0.2% | -1.2% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/u-s-wheat-futures-fall-on-u-s-export-woes-corn-soybeans-firm-2

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