# Grain Highlights

> The National Bank of Australia forecasts Australian wheat at 18.7 million tonnes, 2.8 million below USDA. South Africa's wheat imports are forecast to double on drought, Japan tendered for 132,390 tonnes of wheat, and Iraq confirmed a 500,000-tonne US wheat purchase.

- Date: 2017-11-08 · published 2017-11-08T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/67942-grain-highlights
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Import demand from South Africa, Japan and Iraq combined with a smaller Australian crop supports world wheat prices and US export sales.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-10-31 | [Grain Highlights](https://feedsoft.ai/events/68308-grain-highlights.md) | +0.2% | -1.7% |
| WHEAT | 2017-11-17 | [Grain Highlights](https://feedsoft.ai/events/67917-grain-highlights.md) | -2.9% | -2.6% |
| WHEAT | 2021-04-22 | [Grain Highlights 22.04.2021](https://feedsoft.ai/events/47483-grain-highlights-22-04-2021.md) | +3.9% | +0.9% |
| WHEAT | 2021-05-05 | [Prices higher, corn continues tight: IGC - Grain Central](https://feedsoft.ai/events/47118-prices-higher-corn-continues-tight-igc-grain-central.md) | +5.2% | -1.0% |
| WHEAT | 2017-02-10 | [Daily Grain Report](https://feedsoft.ai/events/72451-daily-grain-report.md) | -0.6% | -1.5% |

## Sources

- grainsprices.com: https://grainsprices.com/article/13343

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