# How to catch a falling knife - Mecardo

> Ag commodity prices fell to or below pre-war levels as new-crop supply, falling macro signals and recession fears weighed on markets. Speculative longs exited the wheat market, and Egypt is reported to have bought about 1.3 million tonnes through state and private purchases. Russia remains an active seller, but its floating export tax limits forward selling.

- Date: 2022-07-08 · published 2022-07-08T12:00:00.000Z
- Category: trade · region Egypt · magnitude medium
- Page: https://feedsoft.ai/events/12504-how-to-catch-a-falling-knife-mecardo
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Large Egyptian purchases and returning end-user demand support wheat prices after the sell-off. The floating export tax on Russian wheat may keep trade flows constrained and add volatility.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-03-31 | [A nervous grain market awaits - Mecardo](https://feedsoft.ai/events/36897-a-nervous-grain-market-awaits-mecardo.md) | -10.9% | -14.2% |
| WHEAT | 2026-04-13 | [Grain shipments ramp up as farmer selling set to slow \| Market Focus \| farmweeknow.com](https://feedsoft.ai/events/16371-grain-shipments-ramp-up-as-farmer-selling-set-to-slow-market-focus-farmweeknow.md) | +3.6% | +0.8% |
| WHEAT | 2026-02-20 | [Soybeans Fall on SCOTUS Tariff Ruling, China Fears: Wheat Hits Fresh Highs to Lift Corn - AgWeb](https://feedsoft.ai/events/5506-soybeans-fall-on-scotus-tariff-ruling-china-fears-wheat-hits-fresh-highs-to.md) | +1.3% | +2.9% |
| WHEAT | 2023-03-29 | [GRAINS-Wheat Ends Higher as Cargill Set to Stop Handling Russian Grain at Export Terminal](https://feedsoft.ai/events/5082-grains-wheat-ends-higher-as-cargill-set-to-stop-handling-russian-grain-at.md) | -10.7% | -14.2% |
| WHEAT | 2018-04-26 | [​CBOT futures continue to rally amid massive buying_Xinhua Finance Agency](https://feedsoft.ai/events/11229-cbot-futures-continue-to-rally-amid-massive-buying-xinhua-finance-agency.md) | +2.9% | +2.7% |

## Sources

- mecardo.com.au: https://mecardo.com.au/how-to-catch-a-falling-knife/

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