# Wheat: Global uncertainty continues | VIC

> Australian analysts report wheat failed to push above 437.5 US cents per bushel and tested support at 419.5. US wheat prices have risen to uncompetitive levels, while Russian export prices have firmed and northern hemisphere weather risks persist.

- Date: 2017-01-30 · published 2017-01-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/73031-wheat-global-uncertainty-continues-vic
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Uncompetitive US prices and heavy global stocks cap export demand and feed wheat values, while weather risk offers limited upside support.

## Read by commodity

- WHEAT: neutral
- KWHEAT: bearish ▼

## Sources

- stockandland.com.au: https://www.stockandland.com.au/story/4435067/price-questions-remain/

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