# Could it be a price recovery? | The Land | NSW

> Australian consultant Malcolm Bartholomaeus says Chicago wheat is recovering from seasonal and contract lows set in late August, with a gain of about US25 cents a bushel so far. He projects Australian wheat exports of 14 million tonnes, which removes supply from world trade, but notes that the large Russian crop may fill the gap. He expects further gains of US20-25c/bu if prices hold above recent highs.

- Date: 2017-09-25 · published 2017-09-25T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/68997-could-it-be-a-price-recovery-the-land-nsw
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower Australian exports tighten global wheat supply, but Russian export flows cap upside. Feed buyers should expect modest support for wheat prices.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: bullish ▲

## Sources

- theland.com.au: https://www.theland.com.au/story/4940565/smart-marketing-could-it-be-a-price-recovery/

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