# Farmers with stored grain nervous as wheat price slumps | Farm Online | ACT

> Australian wheat futures fell to their lowest level since August after world wheat markets slumped, with CBOT wheat losing $5-10 a tonne in Australian dollar terms. Analysts cite ample global supply and no major northern hemisphere production risk, and an inverted market favors old crop over new crop.

- Date: 2017-03-14 · published 2017-03-14T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/72047-farmers-with-stored-grain-nervous-as-wheat-price-slumps-farm-online-act
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Global oversupply and a stronger Australian dollar make Australian wheat look expensive, pressuring export prices and farmer selling decisions.

## Read by commodity

- WHEAT: bearish ▼

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/4531497/farmers-with-stored-grain-nervous-as-wheat-price-slumps/

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