# After the speculative growth of wheat exchanges is a price adjustment

> Paris milling wheat December futures fell 1.5 €/t after a sharp rally on the Russian export news. US HRW, HRS and SRW December futures also dropped by $2.5 to $3/t. Statistics Canada is due to report a 2018 wheat forecast of 30.6 million tons, below USDA's August estimate of 32.5 million tons.

- Date: 2018-08-31 · published 2018-08-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/63589-after-the-speculative-growth-of-wheat-exchanges-is-a-price-adjustment
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

The price correction reflects a view that markets are oversold, while a smaller Canadian crop would tighten supplies. Feed buyers should expect volatile wheat prices until the Canadian and Russian data are published.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/pislya-spekulyativnogo-zrostannya-na-pshenichnih-birzhah-jde-koriguvannya-tcini.html

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