# Asian millers caught by wheat rally | The Western Producer

> Some Asian flour millers that had booked August-September wheat cargoes without fixing prices are now facing higher costs after a nearly 30 percent global wheat rally in June. Physical offers for Canadian and US spring wheat rose sharply, and Australian wheat followed the US futures move.

- Date: 2017-07-20 · published 2017-07-20T12:00:00.000Z
- Category: trade · region Asia · magnitude medium
- Page: https://feedsoft.ai/events/69999-asian-millers-caught-by-wheat-rally-the-western-producer
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher spring wheat and Australian wheat offers raise the cost of wheat-based feed ingredients in Asia, while some buyers are holding back on expectations that the rally is overdone.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: neutral
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2020-10-27 | [Demand-driven wheat rally supported by production uncertainty - Grain Central](https://feedsoft.ai/events/50675-demand-driven-wheat-rally-supported-by-production-uncertainty-grain-central.md) | +0.2% | -0.1% |
| KWHEAT | 2025-09-16 | [Asia Millers Buy More U.S. Wheat on Competitive Prices, Black Sea Delays](https://feedsoft.ai/events/8334-asia-millers-buy-more-u-s-wheat-on-competitive-prices-black-sea-delays.md) | -2.3% | -6.4% |
| KWHEAT | 2020-03-19 | [Weekly Wheat Wonders: The Wheat Markets Cope With Chaos \| CZ app](https://feedsoft.ai/events/6111-weekly-wheat-wonders-the-wheat-markets-cope-with-chaos-cz-app.md) | +12.2% | +5.3% |
| KWHEAT | 2018-10-10 | [World wheat price rises on Russian concerns \| Farm Weekly \| WA](https://feedsoft.ai/events/62581-world-wheat-price-rises-on-russian-concerns-farm-weekly-wa.md) | +1.6% | -2.2% |
| KWHEAT | 2020-04-01 | [Wheat Prices On The Rise As Harvest Season Approaches \| KOSU](https://feedsoft.ai/events/53687-wheat-prices-on-the-rise-as-harvest-season-approaches-kosu.md) | -4.0% | -5.1% |
| WHEAT | 2017-11-27 | [Feed Grains: Russian barley exports rising \| The Western Producer](https://feedsoft.ai/events/68025-feed-grains-russian-barley-exports-rising-the-western-producer.md) | +0.4% | +0.6% |
| WHEAT | 2018-05-23 | [In the black: Asian flour mills turn to Black Sea region for wheat](https://feedsoft.ai/events/64881-in-the-black-asian-flour-mills-turn-to-black-sea-region-for-wheat.md) | -0.0% | -2.3% |
| WHEAT | 2024-04-04 | [Chinese grain imports seen near record high \| The Western Producer](https://feedsoft.ai/events/14755-chinese-grain-imports-seen-near-record-high-the-western-producer.md) | +3.6% | +1.0% |

## Sources

- producer.com: https://www.producer.com/news/asian-millers-caught-by-wheat-rally/

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