# Drop in Kansas City futures sees big falls in Aussie wheat prices | Farm Online | ACT

> Kansas City hard red winter wheat futures fell below $4.00 a bushel, trading near 395 cents, levels not seen since 2006. Australian east-coast new-crop wheat futures also fell sharply, with the January 2020 contract dropping to A$312 a tonne. U.S. ending stocks are at their highest since the 1980s while US exporters struggle for share.

- Date: 2019-05-01 · published 2019-05-01T12:00:00.000Z
- Category: market · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/59128-drop-in-kansas-city-futures-sees-big-falls-in-aussie-wheat-prices-farm-online
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Lower U.S. HRW futures and heavy US stocks weigh on global wheat values and cap export competitiveness for other origins. Australian prices track the CBOT and KC markets closely.

## Read by commodity

- WHEAT: bearish ▼
- AUDUSD: neutral
- KWHEAT: bearish ▼

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/6100303/bad-prices-not-just-in-kansas-any-more/

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