# Grain market review: Wheat | 2018-11-12  | World Grain

> Rabobank said short-term support for world wheat futures reflects tighter fundamentals, and called Russia's record July-September exports of 13.8 million tonnes unsustainable. USDA's October Wheat Outlook cut projected global wheat feed use, with a switch to corn feeding where wheat is priced high.

- Date: 2018-11-12 · published 2018-11-12T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/62073-grain-market-review-wheat-2018-11-12-world-grain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Expected slowing or restriction of Russian exports would shift demand to U.S., Argentine and EU supplies, supporting wheat prices and reducing feed-wheat use in favor of corn.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-10-24 | [Global grain trade review \| World Grain](https://feedsoft.ai/events/14260-global-grain-trade-review-world-grain.md) | +0.3% | -1.4% |
| WHEAT | 2020-02-18 | [Australia wheat output revised lower \| 2020-02-18  \| World Grain](https://feedsoft.ai/events/54572-australia-wheat-output-revised-lower-2020-02-18-world-grain.md) | -0.9% | -0.1% |
| WHEAT | 2022-06-29 | [Worries about wheat \| World Grain](https://feedsoft.ai/events/40983-worries-about-wheat-world-grain.md) | -8.7% | -16.2% |
| WHEAT | 2018-07-11 | [Dry weather affecting Australian wheat crop \| World-grain.com \| July 11, 2018 12:26 \| World Grain](https://feedsoft.ai/events/63984-dry-weather-affecting-australian-wheat-crop-world-grain-com-july-11-2018-12-26.md) | +3.2% | +8.9% |
| WHEAT | 2018-06-27 | [Daily Market Wire 29 June 2018 - Grain Central](https://feedsoft.ai/events/8585-daily-market-wire-29-june-2018-grain-central.md) | -4.3% | +1.3% |
| CORN | 2022-01-21 | [Grain market review: Coarse grains prices mixed \| World Grain](https://feedsoft.ai/events/43195-grain-market-review-coarse-grains-prices-mixed-world-grain.md) | +1.4% | +6.9% |
| CORN | 2024-10-24 | [Global grain trade review \| World Grain](https://feedsoft.ai/events/14260-global-grain-trade-review-world-grain.md) | -1.3% | +1.0% |
| CORN | 2022-06-29 | [Worries about wheat \| World Grain](https://feedsoft.ai/events/40983-worries-about-wheat-world-grain.md) | +1.2% | -16.3% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/11230-grain-market-review-wheat

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