# Wheat Prices Have Soared on Global Conflict, Extreme Weather - Markets Insider

> Wheat prices reached their highest level in eight months after geopolitical conflict and extreme weather disrupted supplies. Chicago SRW futures rose 15% in the last month of April. Excess rain in Europe and dry soil in Ukraine, Russia, Australia and the US have drawn down stockpiles.

- Date: 2024-05-09 · published 2024-05-09T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/30292-wheat-prices-have-soared-on-global-conflict-extreme-weather-markets-insider
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Persistent supply disruptions across major exporters and expected future supply pressure point to higher wheat prices, which would raise feed grain costs.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-08-04 | [Global Heat Wave Toasts Wheat and Prices Soar](https://feedsoft.ai/events/9684-global-heat-wave-toasts-wheat-and-prices-soar.md) | +2.9% | +1.6% |
| WHEAT | 2024-10-10 | [Harsh weather curbs global wheat output, buoys prices - Grainews](https://feedsoft.ai/events/27902-harsh-weather-curbs-global-wheat-output-buoys-prices-grainews.md) | -0.5% | -1.3% |
| WHEAT | 2024-05-04 | [Corn hits 3-month high; soy, wheat climb on global crop weather woes](https://feedsoft.ai/events/6453-corn-hits-3-month-high-soy-wheat-climb-on-global-crop-weather-woes.md) | +2.2% | +13.7% |
| WHEAT | 2026-04-23 | [Market Snapshot \| Costly inputs and weather burden global wheat production - Pro Farmer](https://feedsoft.ai/events/19768-market-snapshot-costly-inputs-and-weather-burden-global-wheat-production-pro.md) | +1.4% | +2.5% |
| WHEAT | 2024-05-22 | [Black Sea, Canadian wheat prices surge on weather, crop fears \| S&P Global](https://feedsoft.ai/events/30289-black-sea-canadian-wheat-prices-surge-on-weather-crop-fears-s-and-p-global.md) | -7.4% | -10.9% |
| KWHEAT | 2024-10-10 | [Harsh weather curbs global wheat output, buoys prices - Grainews](https://feedsoft.ai/events/27902-harsh-weather-curbs-global-wheat-output-buoys-prices-grainews.md) | -3.3% | -5.7% |
| KWHEAT | 2024-05-22 | [Black Sea, Canadian wheat prices surge on weather, crop fears \| S&P Global](https://feedsoft.ai/events/30289-black-sea-canadian-wheat-prices-surge-on-weather-crop-fears-s-and-p-global.md) | +2.6% | -15.6% |
| KWHEAT | 2019-12-10 | [What Surprises Are Stirring the Global Wheat Markets? \| CZ app](https://feedsoft.ai/events/10580-what-surprises-are-stirring-the-global-wheat-markets-cz-app.md) | +12.3% | +16.6% |

## Sources

- markets.businessinsider.com: https://markets.businessinsider.com/news/commodities/wheat-prices-today-bushel-war-russia-ukraine-grain-crops-weather-2024-5

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