# Wheat futures finish month stronger | The Land | NSW

> Wheat futures recovered sharply at the end of August after a 60 cent drop over seven sessions triggered by Russian export restriction rumours. Renewed reports Russia may limit exports to 25 million tonnes, along with lower EU and Black Sea production estimates, drove the rally.

- Date: 2018-09-03 · published 2018-09-03T12:00:00.000Z
- Category: policy · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/7000-wheat-futures-finish-month-stronger-the-land-nsw
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Possible Russian export limits and tighter EU and Black Sea supplies support wheat prices, though the recovery has been volatile and tied to rumours.

## 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 | Rally after a 60 cent drop on renewed reports Russia may cap exports at 25 MMT plus lower EU and Black Sea crop estimates is a direct supply-side driver of the sharp SRW rebound. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-09-04 | [Wheat futures end month strongly  \| VIC](https://feedsoft.ai/events/6999-wheat-futures-end-month-strongly-vic.md) | -0.0% | -4.7% |
| 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 | 2020-10-18 | [Brexit deadline: Wheat, barley and oilseed markets realign for 'no deal' \| The Scottish Farmer](https://feedsoft.ai/events/12846-brexit-deadline-wheat-barley-and-oilseed-markets-realign-for-no-deal-the.md) | +1.2% | -1.1% |
| WHEAT | 2022-01-20 | [WHEAT SCOOPS: Wheat prices are all over the board](https://feedsoft.ai/events/43191-wheat-scoops-wheat-prices-are-all-over-the-board.md) | +0.8% | -2.1% |
| WHEAT | 2021-01-22 | [Farming News - Weekly round up of the Wheat & OSR markets](https://feedsoft.ai/events/49086-farming-news-weekly-round-up-of-the-wheat-and-osr-markets.md) | +3.9% | +3.1% |

## Sources

- theland.com.au: https://www.theland.com.au/story/5622682/smart-marketing-wheat-futures-finish-month-stronger/

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