# Wheat values driven by supply side - Grain Central

> Grain Brokers Australia says global grain markets are being driven by production, with the northern hemisphere wheat crop looking good and getting bigger. It notes that the crop is still early and that June-August moisture during grain fill will be decisive. It also flags slow US spring wheat planting due to wet fields.

- Date: 2019-04-23 · published 2019-04-23T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/59531-wheat-values-driven-by-supply-side-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A larger expected northern hemisphere wheat crop adds supply and pressures wheat prices, though late-season weather could still change the outlook.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-10-12 | [Dry WA, ideal SE alter Australian wheat, barley forecasts - Grain Central](https://feedsoft.ai/events/50599-dry-wa-ideal-se-alter-australian-wheat-barley-forecasts-grain-central.md) | +1.2% | -0.3% |
| WHEAT | 2021-03-18 | [Feedgrain Focus: Rain, full supply chain pressure prices - Grain Central](https://feedsoft.ai/events/12400-feedgrain-focus-rain-full-supply-chain-pressure-prices-grain-central.md) | +0.9% | -3.3% |
| WHEAT | 2019-06-13 | [Feedgrain Focus: Diverging seasons split wheat, barley market - Grain Central](https://feedsoft.ai/events/58668-feedgrain-focus-diverging-seasons-split-wheat-barley-market-grain-central.md) | -5.8% | -8.1% |
| WHEAT | 2019-06-28 | [Feedgrain Focus: CQ wheat guides new-crop pricing - Beef Central](https://feedsoft.ai/events/58713-feedgrain-focus-cq-wheat-guides-new-crop-pricing-beef-central.md) | -8.5% | -12.7% |
| WHEAT | 2023-05-18 | [Wheat Tour Sees Short Crop; Black Sea Grain Deal Prevents Rally](https://feedsoft.ai/events/36016-wheat-tour-sees-short-crop-black-sea-grain-deal-prevents-rally.md) | -1.2% | -6.5% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/wheat-values-driven-by-supply-side/

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