# The new crop is putting pressure on wheat prices

> Chicago wheat fell after speculative buying stopped, while Kansas and Minneapolis wheat rose on reduced Argentine and Australian output. Russia and Kazakhstan completed harvests confirming record crops, with Russia reporting 81.2 million tons at 3.36 t/ha.

- Date: 2017-09-25 · published 2017-09-25T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/8507-the-new-crop-is-putting-pressure-on-wheat-prices
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Record Black Sea and Russian supplies weigh on European and global wheat prices, while lower Southern Hemisphere output supports some US classes.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2017-09-25 | 1 | -3.8% | -3.8 | Directly dated to the move: Chicago wheat fell as speculative buying stopped and record Russian and Kazakh harvests (Russia 81.2 mt) pressured SRW via heavy global export supply. |
| WHEAT | 2017-09-29 | 5 | -7.1% | -3.8 | On Sept 25 Chicago wheat fell as speculative buying stopped and record Russian and Kazakh harvests added to global supply pressure. |

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/novij-vrozhaj-tisne-na-tcini-na-pshenitcyu.html

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