# Tighter Black Sea wheat supplies disrupt global export market | Feed & Grain

> The USDA's June 2024 Grain: World Markets and Trade report cut Russia's 2024/25 wheat crop forecast to 83.0 million tons, down 11% on adverse weather. Russian exports are forecast at 48.0 million tons, and Ukraine's 2024/25 exports are forecast at 13.0 million tons, the lowest in a decade.

- Date: 2024-06-12 · published 2024-06-12T12:00:00.000Z
- Category: report · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/14292-tighter-black-sea-wheat-supplies-disrupt-global-export-market-feed-and-grain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Lower Black Sea wheat supplies tighten the global export balance, which supports wheat prices. Further crop downgrades would add to that pressure.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-02-24 | [Black Sea grain exports seen moderating global grain prices \| World Grain](https://feedsoft.ai/events/37370-black-sea-grain-exports-seen-moderating-global-grain-prices-world-grain.md) | -2.9% | -8.7% |
| WHEAT | 2025-08-28 | [Global Wheat Stocks Tighten as U.S. Exports Gain Pace](https://feedsoft.ai/events/23383-global-wheat-stocks-tighten-as-u-s-exports-gain-pace.md) | +0.1% | -0.7% |
| WHEAT | 2020-07-24 | [Global wheat surplus shrunk by IGC: Grain Market Daily \| AHDB](https://feedsoft.ai/events/52147-global-wheat-surplus-shrunk-by-igc-grain-market-daily-ahdb.md) | +0.7% | -1.5% |
| WHEAT | 2021-01-15 | [Corn set for biggest weekly gain since July as global supplies tighten - Markets - Business Recorder](https://feedsoft.ai/events/49183-corn-set-for-biggest-weekly-gain-since-july-as-global-supplies-tighten-markets.md) | +1.0% | -5.3% |
| WHEAT | 2021-04-01 | [UK feed wheat price rises after surprise in global market - Farmers Weekly](https://feedsoft.ai/events/47552-uk-feed-wheat-price-rises-after-surprise-in-global-market-farmers-weekly.md) | +0.2% | +4.6% |
| KWHEAT | 2020-07-24 | [Global wheat surplus shrunk by IGC: Grain Market Daily \| AHDB](https://feedsoft.ai/events/52147-global-wheat-surplus-shrunk-by-igc-grain-market-daily-ahdb.md) | -0.3% | +0.1% |
| KWHEAT | 2018-01-25 | [Global Supplies of High Protein Wheat Keep Tightening - U.S. Wheat Associates](https://feedsoft.ai/events/67019-global-supplies-of-high-protein-wheat-keep-tightening-u-s-wheat-associates.md) | +7.9% | +8.7% |
| KWHEAT | 2023-05-15 | [Wasde: Tighter supply outlooks as global wheat output returns to norms - Fastmarkets](https://feedsoft.ai/events/35891-wasde-tighter-supply-outlooks-as-global-wheat-output-returns-to-norms.md) | -7.6% | -10.7% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/grain-supply-chain/grain-trade-export/news/15677514/tighter-black-sea-wheat-supplies-disrupt-global-export-market

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