# Weather cocktail gives wheat a little lift | The Land | NSW

> Rabobank raised its Chicago wheat price expectation to US$5.00 to 5.15 per bushel for 2020. Dryness, hail, frost, cold and snow have hit supply in Argentina, Canada and the northern US, and the Canadian spring wheat harvest is well behind average.

- Date: 2019-10-23 · published 2019-10-23T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/56512-weather-cocktail-gives-wheat-a-little-lift-the-land-nsw
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Weather-related losses in several exporting regions reduce global wheat supply and support higher export prices. The forecast suggests a meaningful upward price trend into 2020.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-05-29 | [Global weather concerns drive demand \| The Land \| NSW](https://feedsoft.ai/events/64979-global-weather-concerns-drive-demand-the-land-nsw.md) | -0.9% | -2.8% |
| WHEAT | 2022-06-14 | [European wheat crop shaken by wild French weather \| The Land \| NSW](https://feedsoft.ai/events/40876-european-wheat-crop-shaken-by-wild-french-weather-the-land-nsw.md) | -1.6% | -13.3% |
| WHEAT | 2021-05-13 | [A"maize"ing global support for wheat prices \| The Land \| NSW](https://feedsoft.ai/events/47137-a-maize-ing-global-support-for-wheat-prices-the-land-nsw.md) | -1.8% | -4.6% |
| WHEAT | 2026-01-29 | [Wheat turns up: Dry weather and a weak dollar drive up](https://feedsoft.ai/events/21096-wheat-turns-up-dry-weather-and-a-weak-dollar-drive-up.md) | -0.5% | +3.1% |
| WHEAT | 2018-06-19 | [Wheat production forecasts diminishing \| The Land \| NSW](https://feedsoft.ai/events/64495-wheat-production-forecasts-diminishing-the-land-nsw.md) | -0.7% | -3.1% |
| KWHEAT | 2018-05-29 | [Global weather concerns drive demand \| The Land \| NSW](https://feedsoft.ai/events/64979-global-weather-concerns-drive-demand-the-land-nsw.md) | -7.5% | -16.7% |
| KWHEAT | 2026-01-29 | [Wheat turns up: Dry weather and a weak dollar drive up](https://feedsoft.ai/events/21096-wheat-turns-up-dry-weather-and-a-weak-dollar-drive-up.md) | -2.2% | +1.7% |
| KWHEAT | 2018-05-29 | [Wheat prices are rising because of the hot and dry weather](https://feedsoft.ai/events/65065-wheat-prices-are-rising-because-of-the-hot-and-dry-weather.md) | -7.5% | -16.7% |

## Sources

- theland.com.au: https://www.theland.com.au/story/6453805/weather-cocktail-gives-wheat-a-little-lift/

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