# Foreign production info negatively affects recent wheat market rally | Oklahoma State University

> A recent wheat rally faded after foreign production came in higher than expected, at about the same level as last year's record harvest. Russia and Ukraine crops were larger, and the market adjusted for them, perhaps overcorrecting. Prices had fallen about 80 cents in recent weeks.

- Date: 2017-07-31 · published 2017-07-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/7123-foreign-production-info-negatively-affects-recent-wheat-market-rally-oklahoma
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Larger Black Sea and other foreign supplies add to global wheat stocks and pressure prices lower. Analysts expect volatility until more foreign crop information arrives in August through October.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- news.okstate.edu: https://news.okstate.edu/articles/agriculture/2017/foreign-production-info-negatively-affects-recent-wheat-market-rally
- news.okstate.edu: https://news.okstate.edu/articles/agriculture/2017/foreign-production-info-negatively-affects-recent-wheat-market-rally.html

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