# Increase in foreign exchange makes local Turkish wheat and barley relatively cheaper | Miller Magazine

> Turkey's TMO says the stronger lira has made locally produced corn, barley and wheat more competitive against imports. Rainfall has been adequate through April, though some Southeastern Anatolia areas may see losses from lack of rain.

- Date: 2018-05-08 · published 2018-05-08T12:00:00.000Z
- Category: macro · region Turkey · magnitude low
- Page: https://feedsoft.ai/events/65095-increase-in-foreign-exchange-makes-local-turkish-wheat-and-barley-relatively
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Cheaper domestic grain reduces Turkish import demand, while expected harvest recovery could ease import needs and weigh on world prices.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-11-06 | [Wheat, corn and soy fall as market anticipates Trump win - Markets - Business Recorder](https://feedsoft.ai/events/10552-wheat-corn-and-soy-fall-as-market-anticipates-trump-win-markets-business.md) | +1.3% | -1.9% |
| CORN | 2021-05-19 | [US MIDDAY: Soyabean, wheat and corn plunge - Markets - Business Recorder](https://feedsoft.ai/events/12365-us-midday-soyabean-wheat-and-corn-plunge-markets-business-recorder.md) | -5.0% | +3.5% |
| CORN | 2022-06-15 | [Corn, wheat, soya fall amid decline in financial markets - Markets - Business Recorder](https://feedsoft.ai/events/12701-corn-wheat-soya-fall-amid-decline-in-financial-markets-markets-business-recorder.md) | -1.6% | +0.4% |
| CORN | 2024-07-27 | [Chinese yuan hits eight-month low with missed inflation data and US dollar rebound \| FX Blue](https://feedsoft.ai/events/9350-chinese-yuan-hits-eight-month-low-with-missed-inflation-data-and-us-dollar.md) | -1.0% | -4.8% |
| CORN | 2024-11-28 | [Chinese yuan to hit record lows as U.S. tariff threat mounts, investment banks forecast](https://feedsoft.ai/events/27630-chinese-yuan-to-hit-record-lows-as-u-s-tariff-threat-mounts-investment-banks.md) | +1.1% | +6.9% |
| WHEAT | 2024-11-06 | [Wheat, corn and soy fall as market anticipates Trump win - Markets - Business Recorder](https://feedsoft.ai/events/10552-wheat-corn-and-soy-fall-as-market-anticipates-trump-win-markets-business.md) | -0.9% | -2.0% |
| WHEAT | 2021-05-19 | [US MIDDAY: Soyabean, wheat and corn plunge - Markets - Business Recorder](https://feedsoft.ai/events/12365-us-midday-soyabean-wheat-and-corn-plunge-markets-business-recorder.md) | -2.8% | +2.2% |
| WHEAT | 2022-06-15 | [Corn, wheat, soya fall amid decline in financial markets - Markets - Business Recorder](https://feedsoft.ai/events/12701-corn-wheat-soya-fall-amid-decline-in-financial-markets-markets-business-recorder.md) | -2.3% | -13.8% |

## Sources

- millermagazine.com: https://millermagazine.com/en/blog/increase-in-foreign-exchange-makes-local-turkish-wheat-and-barley-relatively-cheaper-2736

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