# Farming News - ADM Market Update for Wheat and OSR

> ADM's head of grain trading said reports of rain across South America, increased Russian export availability, and a large Australian wheat crop triggered long liquidation that pushed Chicago grains and oilseeds lower. US wheat fell about $4/t on the week, while Argentine wheat harvest reached 31% complete.

- Date: 2020-12-04 · published 2020-12-04T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/5271-farming-news-adm-market-update-for-wheat-and-osr
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Heavier Russian export supply and a larger Australian crop add competition in export markets, pressuring wheat prices, though a weaker dollar makes US wheat more competitive.

## Read by commodity

- DXY: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- farming.co.uk: https://farming.co.uk/news/adm-market-update-for-wheat-and-osr

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