# Old season wheat prices dip | Farm Online | ACT

> US wheat futures traded below 500 cents per bushel, reaching their lowest level since May, as US export sales slumped and harvest pressure built in the US and Europe. A stronger Australian dollar also pushed Australian wheat prices lower.

- Date: 2019-07-22 · published 2019-07-22T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/58145-old-season-wheat-prices-dip-farm-online-act
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Weak export demand and harvest pressure lower global wheat benchmarks, and a firmer Australian dollar reduces the local-currency value of CBOT-linked prices.

## Read by commodity

- WHEAT: bearish ▼
- AUDUSD: bullish ▲

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/6285412/old-season-wheat-prices-dip/

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