# PNW Market Commentary 7/20/20 - PNW Farmers Cooperative

> PNW Farmers Cooperative reports wheat futures closed sharply lower on July 20, giving up most of the prior week's gains with no new fundamental news. Wheat exports for the week ending July 16 were 500,607 MT, and USDA's Ag Attache forecast Australia's 2020/21 wheat crop at 27 MMT.

- Date: 2020-07-20 · published 2020-07-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52175-pnw-market-commentary-7-20-20-pnw-farmers-cooperative
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Routine harvest-season selling and a large forecast Australian crop weigh on wheat prices, though strong exports to China and Taiwan provide some support.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- pnw.coop: https://www.pnw.coop/story-pnw-market-commentary-7-20-20-192-204835

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