# Weekly Market Report - Grain Brokers Australia

> Heavy rain halted wheat harvest in Argentina's northern production region, and frost and hail hit crops further south. The Rosario Grain Exchange cut its wheat production estimate to 18.7 million tonnes, down 3.6% from its November estimate of 19.4 million.

- Date: 2018-12-18 · published 2018-12-18T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/61642-weekly-market-report-grain-brokers-australia
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower Argentine output and weaker quality tighten exportable wheat supplies, which supports world wheat prices and feed-wheat alternatives.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-01-29 | [It’s hot! Damn hot! Real hot! - Grain Brokers Australia](https://feedsoft.ai/events/61135-it-s-hot-damn-hot-real-hot-grain-brokers-australia.md) | -0.9% | -5.8% |
| WHEAT | 2019-10-17 | [The small Australia crop is quickly getting smaller... - Grain Brokers Australia](https://feedsoft.ai/events/56535-the-small-australia-crop-is-quickly-getting-smaller-grain-brokers-australia.md) | -1.5% | +0.7% |
| WHEAT | 2021-07-22 | [Barley benefits from rising grain market - Farmers Weekly](https://feedsoft.ai/events/12493-barley-benefits-from-rising-grain-market-farmers-weekly.md) | -1.2% | +0.8% |
| WHEAT | 2021-11-29 | [Wheat Markets Find New Legs in Australia - Alberta Grains](https://feedsoft.ai/events/44081-wheat-markets-find-new-legs-in-australia-alberta-grains.md) | -1.1% | -3.5% |
| WHEAT | 2019-03-15 | [Grain market week in review - March 15, 2019](https://feedsoft.ai/events/6538-grain-market-week-in-review-march-15-2019.md) | +2.9% | +1.4% |

## Sources

- grainbrokers.com.au: https://www.grainbrokers.com.au/weekly-commentary/weekly-market-report/

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