# Farming News - Wheat and OSR market update

> Cold and dry conditions across the US, Canada and EU drove speculative buying and pushed wheat prices considerably higher over the prior week. Dryness in Brazil's second corn crop and a slow Argentine corn harvest also supported global corn prices. IKAR raised its Russian wheat crop forecast to 81 million tonnes.

- Date: 2021-04-16 · published 2021-04-16T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/9791-farming-news-wheat-and-osr-market-update
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Weather concerns across major exporters and the Brazilian safrinha dryness support global grain prices. Higher Russian crop estimates partly offset the rally, so the price outlook depends on weather.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-08-28 | [Farming News - ADM Wheat & OSR weekly market update](https://feedsoft.ai/events/51661-farming-news-adm-wheat-and-osr-weekly-market-update.md) | -2.6% | +6.6% |
| WHEAT | 2018-09-21 | [Farming News - Weekly snapshot of the wheat & OSR markets](https://feedsoft.ai/events/63133-farming-news-weekly-snapshot-of-the-wheat-and-osr-markets.md) | -0.1% | +7.7% |
| WHEAT | 2018-04-27 | [Farming News - Weather impacting on the Wheat Markets](https://feedsoft.ai/events/11223-farming-news-weather-impacting-on-the-wheat-markets.md) | +3.6% | +2.9% |
| WHEAT | 2020-09-25 | [Farming News - Weekly Wheat & OSR roundup from ADM](https://feedsoft.ai/events/10434-farming-news-weekly-wheat-and-osr-roundup-from-adm.md) | +6.5% | +10.5% |
| WHEAT | 2017-05-01 | [Agri Marketing Update](https://feedsoft.ai/events/7072-agri-marketing-update.md) | +2.3% | +1.5% |
| CORN | 2020-08-28 | [Farming News - ADM Wheat & OSR weekly market update](https://feedsoft.ai/events/51661-farming-news-adm-wheat-and-osr-weekly-market-update.md) | +0.0% | +5.4% |
| CORN | 2021-06-25 | [Farming News - Wheat Market update from ADM](https://feedsoft.ai/events/46525-farming-news-wheat-market-update-from-adm.md) | +5.6% | -5.6% |
| CORN | 2020-09-22 | [Fall calf market depends on corn, wheat and more \| College News](https://feedsoft.ai/events/51258-fall-calf-market-depends-on-corn-wheat-and-more-college-news.md) | +0.2% | +5.8% |

## Sources

- farming.co.uk: https://farming.co.uk/news/wheat-and-osr-market-update-

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