# Global weather concerns drive demand | The Land | NSW

> New South Wales farm grain prices remain firm with wheat and barley sold at $350 ex-farm. US wheat futures rallied 9% in a fortnight to a 10-month high on weather concerns across several countries, and Russia cut its 2018 grain harvest forecast by 5 million tonnes to 110 million.

- Date: 2018-05-29 · published 2018-05-29T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/64979-global-weather-concerns-drive-demand-the-land-nsw
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Weather threats in Russia, Australia, Canada and the US, plus a Russian crop downgrade, point to tighter global wheat supply and higher prices.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-10-23 | [Weather cocktail gives wheat a little lift \| The Land \| NSW](https://feedsoft.ai/events/56512-weather-cocktail-gives-wheat-a-little-lift-the-land-nsw.md) | -0.4% | +5.9% |
| WHEAT | 2026-01-29 | [Wheat turns up: Dry weather and a weak dollar drive up](https://feedsoft.ai/events/21096-wheat-turns-up-dry-weather-and-a-weak-dollar-drive-up.md) | -0.5% | +3.1% |
| WHEAT | 2021-05-13 | [A"maize"ing global support for wheat prices \| The Land \| NSW](https://feedsoft.ai/events/47137-a-maize-ing-global-support-for-wheat-prices-the-land-nsw.md) | -1.8% | -4.6% |
| WHEAT | 2022-06-14 | [European wheat crop shaken by wild French weather \| The Land \| NSW](https://feedsoft.ai/events/40876-european-wheat-crop-shaken-by-wild-french-weather-the-land-nsw.md) | -1.6% | -13.3% |
| WHEAT | 2018-05-31 | [Weather conditions drive up prices for wheat — Latifundist.com](https://feedsoft.ai/events/65073-weather-conditions-drive-up-prices-for-wheat-latifundist-com.md) | +0.2% | -2.0% |
| KWHEAT | 2019-10-23 | [Weather cocktail gives wheat a little lift \| The Land \| NSW](https://feedsoft.ai/events/56512-weather-cocktail-gives-wheat-a-little-lift-the-land-nsw.md) | -0.5% | +1.1% |
| KWHEAT | 2026-01-29 | [Wheat turns up: Dry weather and a weak dollar drive up](https://feedsoft.ai/events/21096-wheat-turns-up-dry-weather-and-a-weak-dollar-drive-up.md) | -2.2% | +1.7% |
| KWHEAT | 2018-05-31 | [Weather conditions drive up prices for wheat — Latifundist.com](https://feedsoft.ai/events/65073-weather-conditions-drive-up-prices-for-wheat-latifundist-com.md) | -0.2% | -14.9% |

## Sources

- theland.com.au: https://www.theland.com.au/story/5435520/prices-rally-on-crop-concerns/

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