# Canadian Wheat Crop Boosts Export Pressure

> Wheat futures bounced sharply off an eight-month low as concerns over the EU winter crop grew, outweighing worries about Russia. Western and central Europe had insufficient spring rain, and Siberian spring wheat is short of moisture. EU exports have passed 35 million tonnes, with Russian exports restricted for the final two months of the marketing year.

- Date: 2020-05-26 · published 2020-05-26T12:00:00.000Z
- Category: weather · region EU · magnitude medium
- Page: https://feedsoft.ai/events/53174-canadian-wheat-crop-boosts-export-pressure
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Dryness in the EU and Siberia threatens northern hemisphere wheat output, supporting prices. Strong EU exports and Russian restrictions also tighten export availability for feed grains.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-07-30 | [Russian Wheat Export Tax Boosts Grain Prices](https://feedsoft.ai/events/52024-russian-wheat-export-tax-boosts-grain-prices.md) | -1.5% | +0.4% |
| WHEAT | 2019-12-15 | [Wheat crop size under pressure \| Farm Online \| ACT](https://feedsoft.ai/events/55532-wheat-crop-size-under-pressure-farm-online-act.md) | +2.0% | +4.8% |
| WHEAT | 2024-05-22 | [Black Sea, Canadian wheat prices surge on weather, crop fears \| S&P Global](https://feedsoft.ai/events/30289-black-sea-canadian-wheat-prices-surge-on-weather-crop-fears-s-and-p-global.md) | -7.4% | -10.9% |
| WHEAT | 2018-02-06 | [US crop worries supports wheat prices \| VIC](https://feedsoft.ai/events/66543-us-crop-worries-supports-wheat-prices-vic.md) | +0.6% | +2.4% |
| WHEAT | 2018-08-10 | [Drought slashes EU wheat, export surplus to be cut - AgCanada](https://feedsoft.ai/events/63468-drought-slashes-eu-wheat-export-surplus-to-be-cut-agcanada.md) | -2.9% | +2.5% |
| KWHEAT | 2020-07-30 | [Russian Wheat Export Tax Boosts Grain Prices](https://feedsoft.ai/events/52024-russian-wheat-export-tax-boosts-grain-prices.md) | -4.3% | +1.0% |
| KWHEAT | 2024-05-22 | [Black Sea, Canadian wheat prices surge on weather, crop fears \| S&P Global](https://feedsoft.ai/events/30289-black-sea-canadian-wheat-prices-surge-on-weather-crop-fears-s-and-p-global.md) | +2.6% | -15.6% |
| KWHEAT | 2018-02-06 | [US crop worries supports wheat prices \| VIC](https://feedsoft.ai/events/66543-us-crop-worries-supports-wheat-prices-vic.md) | +3.4% | +14.6% |

## Sources

- grainbrokers.com.au: https://www.grainbrokers.com.au/wheat-production-concerns-in-europe-spook-the-market/

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