# Turning up the heat on food prices - BBC News

> Wheat production is down and prices have risen after widespread weather disruption, with barley yields down much more sharply. The International Grains Council estimates global grain production will fall about 2% this year, and China's tariffs on US soybeans are affecting trade flows.

- Date: 2018-07-28 · published 2018-07-28T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/12409-turning-up-the-heat-on-food-prices-bbc-news
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower global grain output and reduced barley supply raise feed ingredient costs, while tariff-driven soybean trade shifts add demand uncertainty.

## Read by commodity

- SOY: bearish ▼
- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BARLEY | 2018-07-30 | 1 | +6.1% | 3.0 | Published 2 days before the move, it describes weather disruption cutting global grain output with barley yields down far more than wheat, which supports a supply-driven rally but is largely already-known background. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-04-26 | [Will soaring US crop prices show up on a grocery shelf near you? \| Food News \| Al Jazeera](https://feedsoft.ai/events/9403-will-soaring-us-crop-prices-show-up-on-a-grocery-shelf-near-you-food-news-al.md) | +3.3% | -0.2% |
| 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 | 2021-11-01 | [Wheat Price Surge Threatens to Speed Up Food Inflation - TT](https://feedsoft.ai/events/7314-wheat-price-surge-threatens-to-speed-up-food-inflation-tt.md) | +9.3% | +8.1% |
| WHEAT | 2018-05-29 | [Wheat prices are rising because of the hot and dry weather](https://feedsoft.ai/events/65065-wheat-prices-are-rising-because-of-the-hot-and-dry-weather.md) | -0.9% | -2.8% |
| WHEAT | 2021-05-13 | [A"maize"ing global support for wheat prices \| The Land \| NSW](https://feedsoft.ai/events/47137-a-maize-ing-global-support-for-wheat-prices-the-land-nsw.md) | -1.8% | -4.6% |
| SOY | 2018-06-13 | [Drier across the Midwest; heat builds on the Plains - Brownfield Ag News](https://feedsoft.ai/events/64381-drier-across-the-midwest-heat-builds-on-the-plains-brownfield-ag-news.md) | -6.8% | -13.0% |
| SOY | 2018-08-21 | [Wheat market slowly turning bullish - Brownfield Ag News](https://feedsoft.ai/events/63574-wheat-market-slowly-turning-bullish-brownfield-ag-news.md) | -5.3% | -7.7% |
| SOY | 2018-06-15 | [A bad combination for grain prices - Brownfield Ag News](https://feedsoft.ai/events/64552-a-bad-combination-for-grain-prices-brownfield-ag-news.md) | -5.0% | -12.2% |

## Sources

- bbc.co.uk: https://www.bbc.co.uk/news/uk-scotland-scotland-business-44991593

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