# Wheat recovers from 3-month low, Black Sea supplies limit gains

> Wheat recovered from a three-month low but Black Sea supplies limited gains. Soybeans rose 0.3% to $14.61-3/4 a bushel while corn fell 0.1% to $6.70-1/2.

- Date: 2022-11-29 · published 2022-11-29T12:00:00.000Z
- Category: trade · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/12218-wheat-recovers-from-3-month-low-black-sea-supplies-limit-gains
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Cheap Russian and Black Sea wheat competes with US supplies, capping wheat prices and pressuring US export demand. Soybean and corn moves were minor.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-09-23 | [Russia’s wheat exports from Black Sea ports fall to 460kt](https://feedsoft.ai/events/14174-russia-s-wheat-exports-from-black-sea-ports-fall-to-460kt.md) | -0.2% | +1.8% |
| WHEAT | 2022-12-05 | [Wheat plunges to 3-month low on export competition](https://feedsoft.ai/events/6642-wheat-plunges-to-3-month-low-on-export-competition.md) | -9.5% | -0.8% |
| WHEAT | 2022-08-26 | [Black Sea grains tempt Asia’s buyers with low prices 26.08.2022 - UkrAgroConsult](https://feedsoft.ai/events/39923-black-sea-grains-tempt-asia-s-buyers-with-low-prices-26-08-2022-ukragroconsult.md) | +0.4% | +5.3% |
| WHEAT | 2023-01-31 | [Ukraine’s wheat and corn exports recover under Black Sea Grain Initiative \| Economic Research Service](https://feedsoft.ai/events/14421-ukraine-s-wheat-and-corn-exports-recover-under-black-sea-grain-initiative.md) | +2.2% | -4.4% |
| WHEAT | 2021-06-16 | [Black Sea Wheat Exports To Grow 5% In 2021/22 \| ESM Magazine](https://feedsoft.ai/events/46432-black-sea-wheat-exports-to-grow-5-in-2021-22-esm-magazine.md) | -8.0% | -12.7% |
| CORN | 2023-03-01 | [Wheat recovers from 2021 lows; Black Sea grain in focus - Markets - Business Recorder](https://feedsoft.ai/events/36896-wheat-recovers-from-2021-lows-black-sea-grain-in-focus-markets-business-recorder.md) | +2.0% | +1.4% |
| CORN | 2020-03-23 | [U.S. grains: Wheat jumps to one-month top - AgCanada](https://feedsoft.ai/events/6172-u-s-grains-wheat-jumps-to-one-month-top-agcanada.md) | -0.8% | -5.0% |
| CORN | 2020-01-23 | [Wheat pulls back from recent highs - Brownfield Ag News](https://feedsoft.ai/events/8052-wheat-pulls-back-from-recent-highs-brownfield-ag-news.md) | -1.0% | -1.5% |

## Sources

- reuters.com: https://www.reuters.com/article/global-grains-idAFL1N32P087/

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