# A harsh realization that US wheat is too expensive - Agweek | #1 source for agriculture news, farming, markets

> Alex Norton argues that US wheat is too expensive to compete in export markets throughout the 2018-19 crop year. Russia aggressively sold low-priced wheat early in the season, and US sales have been slow to recover after a government shutdown delayed reporting. Global production shortfalls in Europe, Russia, and Australia had been expected to shift demand to the US.

- Date: 2019-02-24 · published 2019-02-24T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/6776-a-harsh-realization-that-us-wheat-is-too-expensive-agweek-1-source-for
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

If US wheat stays priced above Black Sea supplies, export demand will keep shifting elsewhere, leaving US stocks heavier and prices pressured. That weakens the case for a price recovery in US wheat.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-06-24 | [Trade wars leave farming as a casualty - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/64502-trade-wars-leave-farming-as-a-casualty-agweek-1-source-for-agriculture-news.md) | -0.0% | -0.6% |
| WHEAT | 2019-01-04 | [Farming News - Weekly Wheat Market Update](https://feedsoft.ai/events/61174-farming-news-weekly-wheat-market-update.md) | +0.2% | +3.1% |
| WHEAT | 2019-08-02 | [August prices start off with new lows — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/6040-august-prices-start-off-with-new-lows-this-week-in-the-grain-markets.md) | +0.0% | +0.2% |
| WHEAT | 2023-08-23 | [US wheat exports expected to hit 52-year low \| Agriculture Dive](https://feedsoft.ai/events/34630-us-wheat-exports-expected-to-hit-52-year-low-agriculture-dive.md) | -4.8% | -2.0% |
| WHEAT | 2018-01-25 | [Wheat School: Railways, Russia, and wheat markets in 2018 - RealAgriculture](https://feedsoft.ai/events/66835-wheat-school-railways-russia-and-wheat-markets-in-2018-realagriculture.md) | +0.7% | +2.2% |

## Sources

- agweek.com: https://www.agweek.com/opinion/a-harsh-realization-that-us-wheat-is-too-expensive

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