# Can we really believe the numbers from China? - Agweek | #1 source for agriculture news, farming, markets

> Wheat traded choppy to sideways during the week, with Minneapolis December futures near $5.80 and Chicago and Kansas City around $5.10. Russia's deputy agriculture minister cut the all-grain export forecast to 35 million tonnes, then another official said total exports would stay at 39 million, and the USDA raised global stocks.

- Date: 2018-11-11 · published 2018-11-11T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/61986-can-we-really-believe-the-numbers-from-china-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

Conflicting Russian export signals and a higher global stocks estimate leave wheat prices range-bound, with the wheat balance sheet still ambiguous for feed buyers.

## Read by commodity

- WHEAT: neutral
- KWHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-01-12 | [U.S. reduces corn, soybean harvest views - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/13310-u-s-reduces-corn-soybean-harvest-views-agweek-1-source-for-agriculture-news.md) | -0.6% | +2.0% |
| WHEAT | 2021-11-08 | [November WASDE neutral to bullish for grains - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/44005-november-wasde-neutral-to-bullish-for-grains-agweek-1-source-for-agriculture.md) | -1.8% | -2.2% |
| WHEAT | 2017-03-06 | [USDA releases new crop estimates for major crops - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/71835-usda-releases-new-crop-estimates-for-major-crops-agweek-1-source-for.md) | -0.2% | +0.3% |
| WHEAT | 2021-03-09 | [U.S. Department of Agriculture kicks can down the road on domestic stocks in March WASDE - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/48070-u-s-department-of-agriculture-kicks-can-down-the-road-on-domestic-stocks-in.md) | -0.2% | -0.4% |
| WHEAT | 2016-10-24 | [EU wheat prices mixed on Chicago slide, better export prospects - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/10537-eu-wheat-prices-mixed-on-chicago-slide-better-export-prospects-agweek-1-source.md) | -2.0% | -0.5% |
| KWHEAT | 2019-02-01 | [Farming News - Weekly update on the markets - Brexit & weather dominate](https://feedsoft.ai/events/60902-farming-news-weekly-update-on-the-markets-brexit-and-weather-dominate.md) | -0.6% | -11.7% |
| KWHEAT | 2020-02-28 | [Farming News - Wheat & OSR market update - coronavirus & weather dominate](https://feedsoft.ai/events/10639-farming-news-wheat-and-osr-market-update-coronavirus-and-weather-dominate.md) | -0.9% | +9.9% |
| KWHEAT | 2024-02-10 | [World Agricultural Supply and Demand Estimates - The Roosevelt Review](https://feedsoft.ai/events/31635-world-agricultural-supply-and-demand-estimates-the-roosevelt-review.md) | -5.7% | +2.8% |

## Sources

- agweek.com: https://www.agweek.com/opinion/can-we-really-believe-the-numbers-from-china

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