# Australian and Argentine wheat harvests press on prices

> Commodities closed the week mixed, with Brent near $95-96 a barrel after Donald Trump said the US no longer needs an agreement with Iran. Gold recovered to about $3920 an ounce and copper was near $6.19 a pound. In agriculture, wheat is under pressure from the Australian and Argentine harvests.

- Date: 2026-11-13 · published 2026-11-13T15:14:28.773Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/98044-australian-and-argentine-wheat-harvests-press-on-prices
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Large Australian and Argentine wheat crops add export supply and weigh on wheat prices, which lowers feed grain costs for buyers.

## Read by commodity

- WHEAT: bearish ▼

## Sources

- forbes.kz: https://forbes.kz/articles/urozhay-pshenitsy-v-avstralii-i-argentine-davit-na-tseny-da4dae

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