# Wheat Markets Continue to Sell Off

> Wheat futures kept falling after USDA's Ag Outlook Forum projected all-wheat plantings down 800,000 acres. Weekly export sales were reported at 3.8 MMT, above the trade estimate range, but prices still weakened. Reports said China offered to raise ag purchases by $30 billion a year.

- Date: 2019-02-23 · published 2019-02-23T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/6773-wheat-markets-continue-to-sell-off
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A potential China purchase commitment is supportive, but the market largely ignored it while US wheat competed against cheaper supplies. Price direction stayed bearish for feed wheat, with the export data alone not enough to offset selling.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-03-04 | [CBOT wheat ends down as trade woes spark broad market sell-off](https://feedsoft.ai/events/8143-cbot-wheat-ends-down-as-trade-woes-spark-broad-market-sell-off.md) | +0.1% | +2.8% |
| WHEAT | 2018-01-29 | [Russia is strong competitor for wheat markets](https://feedsoft.ai/events/67027-russia-is-strong-competitor-for-wheat-markets.md) | +0.2% | +2.1% |
| WHEAT | 2019-12-05 | [After a speculative jump in wheat prices continue to decline](https://feedsoft.ai/events/11056-after-a-speculative-jump-in-wheat-prices-continue-to-decline.md) | -3.9% | -1.3% |
| WHEAT | 2022-11-09 | [Wheat prices continue to fall amid USDA report and cancellation of tender in Egypt](https://feedsoft.ai/events/38715-wheat-prices-continue-to-fall-amid-usda-report-and-cancellation-of-tender-in.md) | +1.1% | -9.0% |
| WHEAT | 2018-06-18 | [Weekly Analysis: New-Crop Corn, Soybeans and SRW Wheat Markets](https://feedsoft.ai/events/10577-weekly-analysis-new-crop-corn-soybeans-and-srw-wheat-markets.md) | -0.3% | -3.8% |

## Sources

- agriculture.com: https://www.agriculture.com/markets/analysis/markets-continue-to-sell-off

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