# Freight Rates 2019-20 For Grain Growers

> Argentina has nearly finished planting its 2019/20 wheat and barley crops, with 6.078 million hectares sown. BAGE forecasts a record 21.2 million tonnes of wheat, above the USDA's 20 Mt estimate, and exports of about 14.5 Mt.

- Date: 2019-07-23 · published 2019-07-23T12:00:00.000Z
- Category: report · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/58040-freight-rates-2019-20-for-grain-growers
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A record Argentine crop and larger exports increase competition for Australian wheat in Asian markets, which weighs on global wheat export prices.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-12-13 | [EU (28) grain crop estimate for 2019 from Strategy](https://feedsoft.ai/events/61505-eu-28-grain-crop-estimate-for-2019-from-strategy.md) | +2.5% | +2.0% |
| WHEAT | 2020-03-26 | [Morning Market Review for March 26, 2020 - HighLine Grain Growers, Inc](https://feedsoft.ai/events/11212-morning-market-review-for-march-26-2020-highline-grain-growers-inc.md) | +1.9% | +2.0% |
| WHEAT | 2021-06-09 | [ABARES flags big year for grain growers  \| Farm Online \| ACT](https://feedsoft.ai/events/46545-abares-flags-big-year-for-grain-growers-farm-online-act.md) | +5.6% | -5.2% |
| WHEAT | 2025-05-16 | [Strategie Grains raises EU grain harvest forecast](https://feedsoft.ai/events/24615-strategie-grains-raises-eu-grain-harvest-forecast.md) | -4.8% | -4.2% |
| WHEAT | 2020-12-01 | [Grain Highlights 01.12.2020](https://feedsoft.ai/events/49511-grain-highlights-01-12-2020.md) | +9.5% | +8.9% |

## Sources

- grainbrokers.com.au: https://www.grainbrokers.com.au/some-more-argie-bargy-ahead-for-australian-wheat-exporters/

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