# Wheat and coffee prices grind to new low

> U.S. wheat prices have fallen nearly 10% from seven-month highs reached on Great Plains drought concerns. Global wheat output is expected to rise more than 5% this year, letting exporters such as Australia, Canada and Russia undercut U.S. prices.

- Date: 2018-03-16 · published 2018-03-16T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/8012-wheat-and-coffee-prices-grind-to-new-low
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Expected larger global supply and cheaper competing origins pressure U.S. wheat export prices, which matters because the U.S. exports about 40% of its crop. Drought risk in the Plains still provides some support.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- greenbaypressgazette.com: https://www.greenbaypressgazette.com/story/money/2018/03/16/wheat-and-coffee-prices-grind-new-low/433006002/

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