# Farming News - Growers take advantage of the relative firm wheat spot prices

> US wheat prices climbed about $2 per tonne over two weeks in range-bound trade, but US export demand is weak as importers buy cheaper alternatives. EU soft wheat exports are running over 30% lower year on year, and Russian wheat has taken all recent Egyptian tenders.

- Date: 2017-10-27 · published 2017-10-27T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/68506-farming-news-growers-take-advantage-of-the-relative-firm-wheat-spot-prices
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Weak export demand for US and EU wheat, against firm Russian supply, keeps global wheat prices supported but limits upside. Feed buyers face a market where Russian origin sets the competitive price.

## Read by commodity

- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-10-28 | [The fine print of Trump's China tariff deal - Brownfield Ag News](https://feedsoft.ai/events/56429-the-fine-print-of-trump-s-china-tariff-deal-brownfield-ag-news.md) | -0.2% | +6.0% |
| WHEAT | 2018-10-18 | [Wheat exports, the key to higher prices](https://feedsoft.ai/events/62623-wheat-exports-the-key-to-higher-prices.md) | +0.3% | -3.9% |
| WHEAT | 2018-06-22 | [Farming News - The ongoing trade dispute, weather & politics keep markets nervy](https://feedsoft.ai/events/64829-farming-news-the-ongoing-trade-dispute-weather-and-politics-keep-markets-nervy.md) | -0.8% | -2.7% |
| WHEAT | 2017-03-20 | [Corn finishes modestly lower on profit taking - Brownfield Ag News](https://feedsoft.ai/events/10728-corn-finishes-modestly-lower-on-profit-taking-brownfield-ag-news.md) | -2.8% | -0.8% |
| WHEAT | 2021-05-16 | [Explained: How rice and wheat exports hit a record high \| Explained News - The Indian Express](https://feedsoft.ai/events/47049-explained-how-rice-and-wheat-exports-hit-a-record-high-explained-news-the.md) | -1.3% | -4.1% |

## Sources

- farming.co.uk: https://farming.co.uk/news/Growers-take-advantage-of-the-relative-firm-wheat-spot-prices

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