# Argentina’s wheat game in good form | The Land | NSW

> USDA's latest world supply and demand report keeps Argentina's 2018/19 wheat forecast at 19.5 million tonnes, a record and 5% above last year. Rabobank says upside remains possible toward 20 million tonnes despite dry conditions and frost.

- Date: 2018-10-25 · published 2018-10-25T12:00:00.000Z
- Category: report · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/62501-argentina-s-wheat-game-in-good-form-the-land-nsw
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A record Argentine wheat crop adds export supply that competes with Australian and Black Sea origins, which is mildly bearish for world wheat prices.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-12-21 | [Argentine grain production rebounds \| The Land \| NSW](https://feedsoft.ai/events/14067-argentine-grain-production-rebounds-the-land-nsw.md) | +0.1% | +7.9% |
| WHEAT | 2017-10-16 | [Global wheat production lifts \| The Land \| NSW](https://feedsoft.ai/events/68402-global-wheat-production-lifts-the-land-nsw.md) | -0.4% | -3.9% |
| WHEAT | 2018-06-18 | [Wheat support slips after USDA report \| The Land \| NSW](https://feedsoft.ai/events/12351-wheat-support-slips-after-usda-report-the-land-nsw.md) | -0.3% | -3.8% |
| WHEAT | 2021-09-17 | [Wheat prices soften ahead of harvest \| The Land \| NSW](https://feedsoft.ai/events/6382-wheat-prices-soften-ahead-of-harvest-the-land-nsw.md) | -3.8% | +3.6% |
| WHEAT | 2021-02-17 | [Wheat record smashed, second largest crop overall \| The Land \| NSW](https://feedsoft.ai/events/48600-wheat-record-smashed-second-largest-crop-overall-the-land-nsw.md) | +0.8% | -0.3% |

## Sources

- theland.com.au: https://www.theland.com.au/story/5723646/global-perspective-argentinas-wheat-game-in-good-form/

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