# Global grain prices on the move | Farm Online | ACT

> World wheat markets firmed as the International Grains Council projected 2018-19 world wheat production at 737 million tonnes, down 30 million year on year and the first decline in six years. Russian wheat prices edged higher on speculation of an export duty, and the EU harvest was its smallest in six years.

- Date: 2019-01-28 · published 2019-01-28T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/61168-global-grain-prices-on-the-move-farm-online-act
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A sharp global supply decline and possible Russian export restrictions tighten wheat availability for importers, supporting higher prices for feed-grade and milling wheat alternatives.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-12-03 | [Strong grain prices set to continue until at least mid-2021 \| Farm Online \| ACT](https://feedsoft.ai/events/5273-strong-grain-prices-set-to-continue-until-at-least-mid-2021-farm-online-act.md) | +9.8% | +9.8% |
| WHEAT | 2019-05-30 | [International grain markets catch fire \| Farm Online \| ACT](https://feedsoft.ai/events/8255-international-grain-markets-catch-fire-farm-online-act.md) | +9.6% | +16.2% |
| WHEAT | 2018-07-22 | [New grain prices move higher \| QLD](https://feedsoft.ai/events/63988-new-grain-prices-move-higher-qld.md) | +2.5% | +2.3% |
| WHEAT | 2018-12-06 | [Aussie crop the smallest in a decade \| Farm Online \| ACT](https://feedsoft.ai/events/61535-aussie-crop-the-smallest-in-a-decade-farm-online-act.md) | -0.1% | +1.5% |
| WHEAT | 2018-05-23 | [Outlook grim for season ahead \| Farm Online \| ACT](https://feedsoft.ai/events/64976-outlook-grim-for-season-ahead-farm-online-act.md) | -0.0% | -2.3% |
| KWHEAT | 2019-06-17 | [Wet weather in US pushes up wheat futures \| Farm Online \| ACT](https://feedsoft.ai/events/58618-wet-weather-in-us-pushes-up-wheat-futures-farm-online-act.md) | -5.0% | -5.7% |
| KWHEAT | 2024-10-10 | [Harsh weather curbs global wheat output, buoys prices - Grainews](https://feedsoft.ai/events/27902-harsh-weather-curbs-global-wheat-output-buoys-prices-grainews.md) | -3.3% | -5.7% |
| KWHEAT | 2026-09-11 | [Grain markets face familiar global supply pressures \| ANZ](https://feedsoft.ai/events/17507-grain-markets-face-familiar-global-supply-pressures-anz.md) | -1.2% | -8.5% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/5873889/global-grain-prices-on-the-move/

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