# On the wheat market intensifies competition for customers

> Wheat prices fell after India raised its forecast for the new season to a record 102 million tonnes. Ukraine, Russia and the US all cut or raised weekly export volumes. Algeria's OAIC rejected a Romanian wheat cargo over insect damage, and Morocco scheduled a 921,000-tonne tender for September 5.

- Date: 2019-08-20 · published 2019-08-20T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/57457-on-the-wheat-market-intensifies-competition-for-customers
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A record Indian crop and heavy Black Sea supply give buyers leverage and push world wheat prices lower, while quality rejections and tenders add short-term volatility.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/na-rinku-pshenitci-posilyuetsya-konkurentna-borotba-za-pokuptciv.html

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