# How sustainable is wheat price recovery? | Global Perspective | The Land | NSW

> Wheat prices in Australia and globally recovered in September from four-year lows, driven by weather and war concerns. The September WASDE was marginally bullish, with lower beginning stocks offsetting a slightly higher US corn yield, and EU wheat output was cut further after rain damage in France and Germany.

- Date: 2024-09-24 · published 2024-09-24T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/5607-how-sustainable-is-wheat-price-recovery-global-perspective-the-land-nsw
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Cuts to EU and Russian corn and wheat output, plus the offsetting WASDE stock changes, point to firmer feed grain and wheat prices.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-04-30 | [A glimpse into the new wheat season – a global perspective](https://feedsoft.ai/events/36462-a-glimpse-into-the-new-wheat-season-a-global-perspective.md) | +1.9% | -2.2% |
| WHEAT | 2018-07-17 | [Global wheat crop set to tumble  \| The Land \| NSW](https://feedsoft.ai/events/63985-global-wheat-crop-set-to-tumble-the-land-nsw.md) | +2.9% | +2.4% |
| WHEAT | 2019-07-11 | [Global Wheat Stocks Revised Lower, Boosting Prices](https://feedsoft.ai/events/58151-global-wheat-stocks-revised-lower-boosting-prices.md) | +0.4% | -2.7% |
| WHEAT | 2020-12-16 | [Global wheat prices rises despite record stocks \| Miller Magazine](https://feedsoft.ai/events/49698-global-wheat-prices-rises-despite-record-stocks-miller-magazine.md) | +0.7% | +6.9% |
| WHEAT | 2020-07-14 | [Global wheat production on the decline - Grain Central](https://feedsoft.ai/events/52052-global-wheat-production-on-the-decline-grain-central.md) | +0.4% | -1.8% |
| CORN | 2018-07-17 | [Global wheat crop set to tumble  \| The Land \| NSW](https://feedsoft.ai/events/63985-global-wheat-crop-set-to-tumble-the-land-nsw.md) | -0.7% | -0.1% |
| CORN | 2016-11-11 | [Farming News - Global wheat production up - leads to new record stocks](https://feedsoft.ai/events/73799-farming-news-global-wheat-production-up-leads-to-new-record-stocks.md) | -3.6% | -0.7% |
| CORN | 2021-04-01 | [UK feed wheat price rises after surprise in global market - Farmers Weekly](https://feedsoft.ai/events/47552-uk-feed-wheat-price-rises-after-surprise-in-global-market-farmers-weekly.md) | +0.1% | +17.6% |

## Sources

- theland.com.au: https://www.theland.com.au/story/8772498/how-sustainable-is-wheat-price-recovery-global-perspective/

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