# Farming News - Weekly Wheat Market Update

> US wheat markets closed 2018 lower, with US exports reported down 13 percent year on year as of December 27. Russia raised its 2018/19 grain export forecast to 42 million tonnes from 38-39 million, with 14 million tonnes to ship in January-June.

- Date: 2019-01-04 · published 2019-01-04T12:00:00.000Z
- Category: trade · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/61174-farming-news-weekly-wheat-market-update
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher Russian export projections add competitive supply to global markets, pressuring prices for US and EU wheat, though the projected 50 percent drop in first-half exports limits the downside.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-06-29 | [Farming News - Market Update - New crop all about weather and politics](https://feedsoft.ai/events/64476-farming-news-market-update-new-crop-all-about-weather-and-politics.md) | -3.9% | +0.6% |
| WHEAT | 2018-06-18 | [Weekly Analysis: New-Crop Corn, Soybeans and SRW Wheat Markets](https://feedsoft.ai/events/10577-weekly-analysis-new-crop-corn-soybeans-and-srw-wheat-markets.md) | -0.3% | -3.8% |
| WHEAT | 2017-11-01 | [Crop Market Update from Gleadell](https://feedsoft.ai/events/68033-crop-market-update-from-gleadell.md) | +0.3% | -1.2% |
| WHEAT | 2019-02-24 | [A harsh realization that US wheat is too expensive - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/6776-a-harsh-realization-that-us-wheat-is-too-expensive-agweek-1-source-for.md) | -3.6% | +0.5% |
| WHEAT | 2019-02-21 | [Grain prices fall in a complex market - Farmers Weekly](https://feedsoft.ai/events/6775-grain-prices-fall-in-a-complex-market-farmers-weekly.md) | -3.2% | +0.7% |

## Sources

- farming.co.uk: https://www.farming.co.uk/news/weekly-wheat-market-update-

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