# Futures up in week of wheat gains | VIC

> CBOT wheat futures rallied to a two-week high after India removed its 10 percent tariff on wheat imports, which points to lower Indian production and higher imports. Drought worries in Argentina and South America eased as a La Nina event was forecast to weaken from January to March, while Australian cash prices were held back by lower basis.

- Date: 2016-12-13 · published 2016-12-13T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/73430-futures-up-in-week-of-wheat-gains-vic
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

India's move to lift its import tariff adds new global wheat demand, supporting world wheat prices even though larger Australian and world production estimates limit gains.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-09-14 | [Wheat manages week to week gains - Brownfield Ag News](https://feedsoft.ai/events/63071-wheat-manages-week-to-week-gains-brownfield-ag-news.md) | -5.8% | -6.1% |
| WHEAT | 2020-03-20 | [CBOT wheat futures rise on reports of China buying US wheat](https://feedsoft.ai/events/6106-cbot-wheat-futures-rise-on-reports-of-china-buying-us-wheat.md) | -6.6% | -2.9% |
| WHEAT | 2020-04-23 | [U.S. grains: Export hopes push soy, corn, wheat futures higher - Grainews](https://feedsoft.ai/events/53671-u-s-grains-export-hopes-push-soy-corn-wheat-futures-higher-grainews.md) | -1.1% | +0.1% |
| WHEAT | 2026-07-10 | [US Plains HRW Wheat-Basis flat, futures rally spurs farmer sales](https://feedsoft.ai/events/7340-us-plains-hrw-wheat-basis-flat-futures-rally-spurs-farmer-sales.md) | +0.9% | +0.6% |
| WHEAT | 2024-10-17 | [Barley prices in Ukraine follow wheat and corn prices up](https://feedsoft.ai/events/27941-barley-prices-in-ukraine-follow-wheat-and-corn-prices-up.md) | -1.1% | -2.1% |
| KWHEAT | 2020-03-20 | [CBOT wheat futures rise on reports of China buying US wheat](https://feedsoft.ai/events/6106-cbot-wheat-futures-rise-on-reports-of-china-buying-us-wheat.md) | +4.7% | +2.8% |
| KWHEAT | 2026-07-10 | [US Plains HRW Wheat-Basis flat, futures rally spurs farmer sales](https://feedsoft.ai/events/7340-us-plains-hrw-wheat-basis-flat-futures-rally-spurs-farmer-sales.md) | +11.6% | +9.0% |
| KWHEAT | 2022-05-16 | [Wheat prices rocket on India export ban. London, Paris futures set record highs - Grain Price News](https://feedsoft.ai/events/41448-wheat-prices-rocket-on-india-export-ban-london-paris-futures-set-record-highs.md) | 0.0% | -7.3% |

## Sources

- stockandland.com.au: https://www.stockandland.com.au/story/4353879/a-week-of-wheat-gains/

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