# Wheat futures end month strongly  | VIC

> Wheat futures finished August strongly after a 60 cent plunge over seven sessions, recovering on renewed reports that Russia may limit exports to as little as 25 million tonnes. Production cuts in the EU, Black Sea, Canada and Argentina added support.

- Date: 2018-09-04 · published 2018-09-04T12:00:00.000Z
- Category: policy · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/6999-wheat-futures-end-month-strongly-vic
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower EU and Black Sea production estimates and possible Russian export limits tighten supplies relative to USDA projections, supporting wheat prices.

## Read by commodity

- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2018-09-03 | 1 | +5.5% | 4.6 | Same Russian export-limit reports and production cuts in EU, Black Sea, Canada and Argentina supported the strong month-end recovery, though published a day after the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-09-03 | [Wheat futures finish month stronger \| The Land \| NSW](https://feedsoft.ai/events/7000-wheat-futures-finish-month-stronger-the-land-nsw.md) | +4.3% | -1.9% |
| WHEAT | 2020-01-15 | [Grain markets: wheat futures gaining ground  -  Premium](https://feedsoft.ai/events/55150-grain-markets-wheat-futures-gaining-ground-premium.md) | +0.0% | -5.4% |
| WHEAT | 2022-07-07 | [India restricts wheat flour exports \| Reuters](https://feedsoft.ai/events/40457-india-restricts-wheat-flour-exports-reuters.md) | -5.1% | -4.3% |
| WHEAT | 2021-10-08 | [New Russia Wheat Export Restrictions Feared](https://feedsoft.ai/events/44408-new-russia-wheat-export-restrictions-feared.md) | +1.6% | +13.2% |
| WHEAT | 2024-06-01 | [Russia Clinches More Grain Control Just as Wheat Prices Spike](https://feedsoft.ai/events/14305-russia-clinches-more-grain-control-just-as-wheat-prices-spike.md) | -5.6% | -12.3% |

## Sources

- stockandland.com.au: https://www.stockandland.com.au/story/5625591/futures-end-month-strongly/

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