# Grains trending off lows; China talks dragging on - Agweek | #1 source for agriculture news, farming, markets

> Wheat prices were supported by lower Kansas crop ratings, which fell 2 points to 49% good to excellent, and by a US-Brazil deal. The agreement sets a 750,000 tonne duty-free wheat quota in exchange for lower tariffs on Brazilian pork, and the dollar trended lower.

- Date: 2019-03-24 · published 2019-03-24T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/9647-grains-trending-off-lows-china-talks-dragging-on-agweek-1-source-for
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A duty-free import quota for Brazil opens new wheat export opportunities for US supplies, and deteriorating Kansas crop conditions tighten HRW supply, both supportive for wheat prices.

## Read by commodity

- DXY: bearish ▼
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-05-21 | [Political turmoil affects markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/10224-political-turmoil-affects-markets-agweek-1-source-for-agriculture-news-farming.md) | +2.9% | +2.4% |
| WHEAT | 2019-11-17 | [Markets follow 'buy the rumor, sell the fact' rule - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/11889-markets-follow-buy-the-rumor-sell-the-fact-rule-agweek-1-source-for-agriculture.md) | +3.8% | +3.1% |
| WHEAT | 2019-10-27 | [A look at the demand side, even while harvest continues - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/56671-a-look-at-the-demand-side-even-while-harvest-continues-agweek-1-source-for.md) | -0.2% | +6.0% |
| WHEAT | 2019-01-20 | [Even slightly bullish news gives markets some movement - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12388-even-slightly-bullish-news-gives-markets-some-movement-agweek-1-source-for.md) | +3.3% | +2.1% |
| WHEAT | 2016-11-28 | [Soybeans rise 1.2 percent on strong U.S. exports, weaker dollar - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/73899-soybeans-rise-1-2-percent-on-strong-u-s-exports-weaker-dollar-agweek-1-source.md) | -2.1% | +0.9% |
| KWHEAT | 2017-05-21 | [Political turmoil affects markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/10224-political-turmoil-affects-markets-agweek-1-source-for-agriculture-news-farming.md) | -0.1% | +7.9% |
| KWHEAT | 2019-11-17 | [Markets follow 'buy the rumor, sell the fact' rule - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/11889-markets-follow-buy-the-rumor-sell-the-fact-rule-agweek-1-source-for-agriculture.md) | +1.7% | +10.8% |
| KWHEAT | 2017-11-24 | [Farming News - EU markets at the mercy of aggressive Black Sea shipping campaigns](https://feedsoft.ai/events/67921-farming-news-eu-markets-at-the-mercy-of-aggressive-black-sea-shipping-campaigns.md) | -1.5% | +0.8% |

## Sources

- agweek.com: https://www.agweek.com/opinion/grains-trending-off-lows-china-talks-dragging-on

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