# Strong Declines in Grain Prices Squeeze Farmers Worldwide - More Pain Ahead Likely | Investing.com

> Wheat has lost more than 8% since the start of the year, pressured by very competitive offers from Russian and Ukrainian suppliers. Black Sea port prices are quoted between $170 and $220 per ton, and further declines could test support near $540 per bushel.

- Date: 2024-02-29 · published 2024-02-29T12:00:00.000Z
- Category: trade · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/31709-strong-declines-in-grain-prices-squeeze-farmers-worldwide-more-pain-ahead
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Aggressive Black Sea export pricing lowers the cost of wheat as a feed grain and pressures prices across global markets. Cheaper wheat can also substitute for corn in feed rations.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-02-21 | [Grain prices fall in a complex market - Farmers Weekly](https://feedsoft.ai/events/6775-grain-prices-fall-in-a-complex-market-farmers-weekly.md) | -3.2% | +0.7% |
| WHEAT | 2022-06-22 | [Chinese Farmers Bought More US Sorghum in May Amid Wheat, Corn Price Hikes](https://feedsoft.ai/events/40987-chinese-farmers-bought-more-us-sorghum-in-may-amid-wheat-corn-price-hikes.md) | +1.8% | -4.6% |
| WHEAT | 2026-03-13 | [Grain prices surge: U.S. farmers rush to sell crops](https://feedsoft.ai/events/20190-grain-prices-surge-u-s-farmers-rush-to-sell-crops.md) | -0.2% | -2.6% |
| WHEAT | 2024-09-02 | [Spain: The fall in cereal prices at the León market continues, conditioned by the world market](https://feedsoft.ai/events/28379-spain-the-fall-in-cereal-prices-at-the-leon-market-continues-conditioned-by-the.md) | +3.6% | +14.4% |
| WHEAT | 2019-12-05 | [After a speculative jump in wheat prices continue to decline](https://feedsoft.ai/events/11056-after-a-speculative-jump-in-wheat-prices-continue-to-decline.md) | -3.9% | -1.3% |
| KWHEAT | 2019-12-05 | [After a speculative jump in wheat prices continue to decline](https://feedsoft.ai/events/11056-after-a-speculative-jump-in-wheat-prices-continue-to-decline.md) | -2.3% | +11.7% |
| KWHEAT | 2025-11-07 | [Lower Chinese buying pushes grain prices down: Grain market daily \| AHDB](https://feedsoft.ai/events/8213-lower-chinese-buying-pushes-grain-prices-down-grain-market-daily-ahdb.md) | +0.7% | +0.2% |
| KWHEAT | 2019-03-11 | [EU competitive pricing explains late-season spike in wheat sales: USDA - Grain Central](https://feedsoft.ai/events/10669-eu-competitive-pricing-explains-late-season-spike-in-wheat-sales-usda-grain.md) | +4.3% | +1.5% |

## Sources

- investing.com: https://www.investing.com/analysis/strong-declines-in-grain-prices-squeeze-farmers-worldwide--more-pain-ahead-200646456

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