# U.S. wheat prices mostly about Russia these days | Oklahoma State University

> US wheat prices have fallen about 40 cents in October as the dollar index rose from about 93.4 to 96.4. US hard red winter export sales since June 1 are 36 percent below last year, and USDA expects prices to fall another 10 percent this year.

- Date: 2018-10-26 · published 2018-10-26T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/62580-u-s-wheat-prices-mostly-about-russia-these-days-oklahoma-state-university
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and weak US export sales make American wheat less competitive, pressuring HRW prices toward support levels near $4.93.

## Read by commodity

- DXY: bullish ▲
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2017-03-22 | [Increased competition for U.S. wheat producers.](https://feedsoft.ai/events/72049-increased-competition-for-u-s-wheat-producers.md) | -3.3% | -4.9% |
| KWHEAT | 2026-03-26 | [Outlook for US wheat: fewer acres, lower production \| Baking Business](https://feedsoft.ai/events/20217-outlook-for-us-wheat-fewer-acres-lower-production-baking-business.md) | -0.6% | +7.9% |
| KWHEAT | 2024-11-14 | [Rising dollar and rain forecasts weigh on US wheat](https://feedsoft.ai/events/27444-rising-dollar-and-rain-forecasts-weigh-on-us-wheat.md) | +3.9% | +1.0% |
| KWHEAT | 2022-10-29 | [Corn, wheat sag on firm dollar, concerns over US export demand - Markets - Business Recorder](https://feedsoft.ai/events/4932-corn-wheat-sag-on-firm-dollar-concerns-over-us-export-demand-markets-business.md) | +3.1% | -2.2% |
| KWHEAT | 2016-06-24 | [U.S. grains: Soy, corn drop on Brexit fallout - Grainews](https://feedsoft.ai/events/11728-u-s-grains-soy-corn-drop-on-brexit-fallout-grainews.md) | -5.5% | -2.0% |
| WHEAT | 2016-10-24 | [Wheat prices sink nearly three percent](https://feedsoft.ai/events/10539-wheat-prices-sink-nearly-three-percent.md) | -2.0% | -0.5% |
| WHEAT | 2016-11-23 | [Wheat prices shed nearly one percent as eyes fixed on Fed's minutes](https://feedsoft.ai/events/11917-wheat-prices-shed-nearly-one-percent-as-eyes-fixed-on-fed-s-minutes.md) | -2.9% | +0.6% |
| WHEAT | 2020-06-05 | [GRAINS-Wheat falls as dollar bounces; soy firms on export business — Spot On Oklahoma](https://feedsoft.ai/events/9494-grains-wheat-falls-as-dollar-bounces-soy-firms-on-export-business-spot-on.md) | -0.7% | +0.6% |

## Sources

- news.okstate.edu: https://news.okstate.edu/articles/agriculture/2018/stotts_wheat-prices-Russia-effect

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