# Wheat Prices Rise On Russia Dryness

> Unfavourable weather has affected EU grain production through the 2023/24 season. Excess rain since autumn hindered planting and development of winter crops in large parts of western, northern and eastern Europe. Rainfall deficits persisted in eastern Romania and Bulgaria, where winter rapeseed is the worst affected.

- Date: 2024-04-19 · published 2024-04-19T12:00:00.000Z
- Category: weather · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/30701-wheat-prices-rise-on-russia-dryness
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Lower European winter crop yields and resowing of northern fields tighten wheat and barley supply, supporting prices. Drought in the east adds to the downside risk.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-09-28 | [Russia’s wheat prices reverse, will Black Sea dryness help wheat bulls? - The Sizov Report blog](https://feedsoft.ai/events/51157-russia-s-wheat-prices-reverse-will-black-sea-dryness-help-wheat-bulls-the-sizov.md) | +6.7% | +11.4% |
| WHEAT | 2020-10-29 | [Dryness supports prices \| WA](https://feedsoft.ai/events/50690-dryness-supports-prices-wa.md) | -2.0% | -7.4% |
| WHEAT | 2020-07-30 | [Russian Wheat Export Tax Boosts Grain Prices](https://feedsoft.ai/events/52024-russian-wheat-export-tax-boosts-grain-prices.md) | -1.5% | +0.4% |
| WHEAT | 2026-01-26 | [Wheat: Cold ground, hot market: wheat prices rise](https://feedsoft.ai/events/21101-wheat-cold-ground-hot-market-wheat-prices-rise.md) | +2.3% | +5.5% |
| 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% |

## Sources

- grainbrokers.com.au: https://www.grainbrokers.com.au/soggy-start-to-european-spring/

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