# Will Shifting Market Factors Hibernate the Bear Market in Wheat? - U.S. Wheat Associates

> U.S. Wheat Associates says Australian drought has cut the harvest outlook 35% below the 10-year average, pushing Australian export prices to about $265/MT FOB. Argentina raised its wheat export tax from 7% to 12%, and Brazil opened a 750,000 MT import quota.

- Date: 2020-01-03 · published 2020-01-03T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/55129-will-shifting-market-factors-hibernate-the-bear-market-in-wheat-u-s-wheat
- 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

Australian drought and Argentine export taxes tighten Southern Hemisphere wheat supply, supporting world prices and export competitiveness for U.S. wheat.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-01-22 | [Farming News - Weekly round up of the Wheat & OSR markets](https://feedsoft.ai/events/49086-farming-news-weekly-round-up-of-the-wheat-and-osr-markets.md) | +3.9% | +3.1% |
| WHEAT | 2018-09-05 | [Export Policies Shrink Global Wheat Supply, Increase Uncertainty - U.S. Wheat Associates](https://feedsoft.ai/events/6998-export-policies-shrink-global-wheat-supply-increase-uncertainty-u-s-wheat.md) | +0.2% | -3.9% |
| WHEAT | 2021-07-19 | [Uncertainty in Asia forward buying of Black Sea new crop wheat - Fastmarkets](https://feedsoft.ai/events/45911-uncertainty-in-asia-forward-buying-of-black-sea-new-crop-wheat-fastmarkets.md) | -0.6% | -0.7% |
| WHEAT | 2023-04-21 | [Russian wheat trade falls silent as price floor leaves market 'broken'](https://feedsoft.ai/events/36463-russian-wheat-trade-falls-silent-as-price-floor-leaves-market-broken.md) | -8.6% | -9.9% |
| WHEAT | 2022-05-16 | [Explainer: What India's u-turn on wheat exports means for world markets](https://feedsoft.ai/events/41430-explainer-what-india-s-u-turn-on-wheat-exports-means-for-world-markets.md) | +4.0% | -0.3% |
| KWHEAT | 2018-09-05 | [Export Policies Shrink Global Wheat Supply, Increase Uncertainty - U.S. Wheat Associates](https://feedsoft.ai/events/6998-export-policies-shrink-global-wheat-supply-increase-uncertainty-u-s-wheat.md) | -2.7% | +2.9% |
| KWHEAT | 2023-04-21 | [Russian wheat trade falls silent as price floor leaves market 'broken'](https://feedsoft.ai/events/36463-russian-wheat-trade-falls-silent-as-price-floor-leaves-market-broken.md) | -7.3% | +2.0% |
| KWHEAT | 2022-05-16 | [Explainer: What India's u-turn on wheat exports means for world markets](https://feedsoft.ai/events/41430-explainer-what-india-s-u-turn-on-wheat-exports-means-for-world-markets.md) | 0.0% | -7.3% |

## Sources

- uswheat.org: https://uswheat.org/wheatletter/will-shifting-market-factors-hibernate-the-bear-market-in-wheat/

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