# Grain markets: wheat futures gaining ground  -  Premium

> Irish wheat and barley prices gained as international markets rallied on Russia's plan to set a 20 million tonne January-June grain export quota. USDA's WASDE showed the US 2020 winter wheat area may be the smallest since 1910, pushing Chicago wheat to a one-and-a-half-year high.

- Date: 2020-01-15 · published 2020-01-15T12:00:00.000Z
- Category: policy · region Russia · magnitude high
- Page: https://feedsoft.ai/events/55150-grain-markets-wheat-futures-gaining-ground-premium
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Russian export restrictions and a shrinking US winter wheat area support higher global wheat prices, lifting feed grain costs in Europe.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲
- CANMEAL: 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 | 2018-09-04 | [Wheat futures end month strongly  \| VIC](https://feedsoft.ai/events/6999-wheat-futures-end-month-strongly-vic.md) | -0.0% | -4.7% |
| WHEAT | 2018-09-03 | [Wheat futures finish month stronger \| The Land \| NSW](https://feedsoft.ai/events/7000-wheat-futures-finish-month-stronger-the-land-nsw.md) | +4.3% | -1.9% |
| WHEAT | 2020-06-24 | [How would a Russian quota affect your wheat price? Grain Market Daily \| AHDB](https://feedsoft.ai/events/52648-how-would-a-russian-quota-affect-your-wheat-price-grain-market-daily-ahdb.md) | +0.3% | -5.4% |
| WHEAT | 2025-07-04 | [China Grain and Feed Outlook 2025 \| Paradigm Futures](https://feedsoft.ai/events/14649-china-grain-and-feed-outlook-2025-paradigm-futures.md) | -3.4% | -5.3% |

## Sources

- farmersjournal.ie: https://www.farmersjournal.ie/linkedarticle-520688

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