# Drought and Rain Are Reshaping Global Grain Trade Routes - Bloomberg

> USDA data show the EU will fall to third place among wheat exporters this season after drought and floods hurt its crops. Canada is expected to post record sales, Australia will export the most in four years, and Russia will regain the top spot. The global wheat trade is being reshaped by these shifts.

- Date: 2020-08-19 · published 2020-08-19T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/51659-drought-and-rain-are-reshaping-global-grain-trade-routes-bloomberg
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A smaller EU export pool tightens European supply and supports prices, while larger Canadian, Australian and Russian exports add supply elsewhere. Net effect on feed-grain prices depends on which origins buyers choose.

## Read by commodity

- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-07-05 | [Wild Wheat Swings Spurred by U.S. Drought Threat, Export Outlook - Bloomberg](https://feedsoft.ai/events/6176-wild-wheat-swings-spurred-by-u-s-drought-threat-export-outlook-bloomberg.md) | -0.9% | +0.4% |
| WHEAT | 2019-10-30 | [Central Queensland winter crop defies eastern drought - Grain Central](https://feedsoft.ai/events/56536-central-queensland-winter-crop-defies-eastern-drought-grain-central.md) | -0.2% | +7.3% |
| WHEAT | 2021-01-21 | [Analyst Insight: The Brazilian Safrinha crop could drive global grain markets \| AHDB](https://feedsoft.ai/events/48974-analyst-insight-the-brazilian-safrinha-crop-could-drive-global-grain-markets.md) | +4.0% | +2.4% |
| WHEAT | 2022-11-08 | [Drought drops France’s maize output \| World Grain](https://feedsoft.ai/events/38618-drought-drops-france-s-maize-output-world-grain.md) | +0.5% | -9.8% |
| WHEAT | 2021-04-18 | [Grains are about to get exciting. - AIRR](https://feedsoft.ai/events/47559-grains-are-about-to-get-exciting-airr.md) | +4.9% | +6.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-08-19/drought-and-rain-are-reshaping-global-wheat-flows

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