# Wheat market slowly turning bullish - Brownfield Ag News

> University of Minnesota economist Ed Usset says the wheat market is slowly turning bullish after nearly five years of bearish conditions. He cites a difficult EU crop, Russia returning to normal after two large crops, and smaller crops expected in Australia, China and India.

- Date: 2018-08-21 · published 2018-08-21T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/63574-wheat-market-slowly-turning-bullish-brownfield-ag-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower production from major exporters such as the EU and Russia tightens export supplies and supports wheat prices, and may shift US acreage from soybeans to wheat.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-09-27 | [Minneapolis wheat futures rally on poor spring crop - Brownfield Ag News](https://feedsoft.ai/events/57103-minneapolis-wheat-futures-rally-on-poor-spring-crop-brownfield-ag-news.md) | +0.6% | -1.3% |
| WHEAT | 2017-04-28 | [Wheat supported by weather concerns - Brownfield Ag News](https://feedsoft.ai/events/71544-wheat-supported-by-weather-concerns-brownfield-ag-news.md) | +2.4% | +1.5% |
| WHEAT | 2017-02-02 | [Minneapolis leads wheat complex higher - Brownfield Ag News](https://feedsoft.ai/events/8598-minneapolis-leads-wheat-complex-higher-brownfield-ag-news.md) | +3.4% | +2.4% |
| WHEAT | 2017-05-01 | [Weather woes support corn, soybeans, wheat - Brownfield Ag News](https://feedsoft.ai/events/10482-weather-woes-support-corn-soybeans-wheat-brownfield-ag-news.md) | +2.3% | +1.5% |
| WHEAT | 2017-06-29 | [Wheat surges on weather concerns in Plains - Brownfield Ag News](https://feedsoft.ai/events/9719-wheat-surges-on-weather-concerns-in-plains-brownfield-ag-news.md) | +2.3% | -2.9% |
| KWHEAT | 2017-02-02 | [Minneapolis leads wheat complex higher - Brownfield Ag News](https://feedsoft.ai/events/8598-minneapolis-leads-wheat-complex-higher-brownfield-ag-news.md) | +0.3% | +4.5% |
| KWHEAT | 2017-06-29 | [Wheat surges on weather concerns in Plains - Brownfield Ag News](https://feedsoft.ai/events/9719-wheat-surges-on-weather-concerns-in-plains-brownfield-ag-news.md) | +15.0% | +4.2% |
| KWHEAT | 2017-03-06 | [Winter wheat up on early emergence, dry weather - Brownfield Ag News](https://feedsoft.ai/events/72048-winter-wheat-up-on-early-emergence-dry-weather-brownfield-ag-news.md) | -3.6% | -9.0% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/wheat-market-slowly-turning-bullish/

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