# South American dry spell affects market outlook - Agweek | #1 source for agriculture news, farming, markets

> Wheat futures finished 2018 lower after reports that Russia may offer rail subsidies to move eastern wheat to southern ports, with Minneapolis contracts hitting new contract lows. Prices rebounded in early January on technical buying, and Argentina's wheat harvest faced quality concerns from heavy rains. US wheat export inspections for 2018-19 were 13 percent below a year earlier.

- Date: 2019-01-06 · published 2019-01-06T12:00:00.000Z
- Category: logistics · region Russia · magnitude low
- Page: https://feedsoft.ai/events/61184-south-american-dry-spell-affects-market-outlook-agweek-1-source-for-agriculture
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Russian export logistics support and weak US export pace keep wheat supplies ample and prices subdued, which lowers the cost of wheat as a feed grain option.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-08-20 | [Canada rail stoppage poised to disrupt North American agriculture](https://feedsoft.ai/events/28828-canada-rail-stoppage-poised-to-disrupt-north-american-agriculture.md) | -1.6% | +2.6% |
| WHEAT | 2019-11-23 | [Logistics putting on the pressure  — this week in the grain markets - RealAgriculture](https://feedsoft.ai/events/56109-logistics-putting-on-the-pressure-this-week-in-the-grain-markets-realagriculture.md) | +1.0% | -1.1% |
| WHEAT | 2022-09-13 | [U.S. railways to halt grain shipments ahead of potential shutdown -agriculture sources](https://feedsoft.ai/events/39623-u-s-railways-to-halt-grain-shipments-ahead-of-potential-shutdown-agriculture.md) | +4.3% | -8.0% |
| WHEAT | 2022-12-02 | [This Week In Dairy 12-02-2022 - Total Farm Marketing by Stewart-Peterson](https://feedsoft.ai/events/8751-this-week-in-dairy-12-02-2022-total-farm-marketing-by-stewart-peterson.md) | -9.7% | -1.7% |
| WHEAT | 2026-04-29 | [Freight market review for Week 18 in the Azov-Black Sea and Baltic regions - Sea Lines shipping](https://feedsoft.ai/events/14125-freight-market-review-for-week-18-in-the-azov-black-sea-and-baltic-regions-sea.md) | -3.1% | -0.4% |
| KWHEAT | 2022-07-28 | [Wheat prices fell in anticipation of the departure of grain ships from Ukrainian ports 28.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/40531-wheat-prices-fell-in-anticipation-of-the-departure-of-grain-ships-from.md) | -3.0% | +4.0% |
| KWHEAT | 2023-05-25 | [Ahead of the Open \| May 25, 2023 - Pro Farmer](https://feedsoft.ai/events/5570-ahead-of-the-open-may-25-2023-pro-farmer.md) | -1.2% | +5.8% |
| KWHEAT | 2026-06-03 | [Wheat Freight Costs Challenge Stronger Japanese Export Outlook - RFD-TV](https://feedsoft.ai/events/19024-wheat-freight-costs-challenge-stronger-japanese-export-outlook-rfd-tv.md) | +1.1% | -2.1% |

## Sources

- agweek.com: https://www.agweek.com/opinion/south-american-dry-spell-affects-market-outlook

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