# Red Sea troubles set south’s firmer tone

> Export interest in Australian ASW wheat has risen as Asian buyers and traders worry about moving Black Sea and European wheat through the Red Sea, where Houthi attacks disrupt container traffic. Domestic feedgrain demand is weak, and sorghum has dropped to about $25/t below wheat, prompting poultry interest.

- Date: 2024-01-26 · published 2024-01-26T12:00:00.000Z
- Category: geopolitics · region Australia · magnitude low
- Page: https://feedsoft.ai/events/32164-red-sea-troubles-set-south-s-firmer-tone
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Red Sea disruption is supporting Australian wheat export demand, while sorghum's wide discount to wheat and barley may attract feed users.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: neutral
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-01-24 | [Yemen’s Red Sea ports could be key to ending conflict with Houthis \| The National](https://feedsoft.ai/events/72880-yemen-s-red-sea-ports-could-be-key-to-ending-conflict-with-houthis-the-national.md) | +1.1% | +4.6% |
| WHEAT | 2024-10-22 | [UK warns Russian strikes on Black Sea delay grain supplies to Palestinians, global south \| Reuters](https://feedsoft.ai/events/14266-uk-warns-russian-strikes-on-black-sea-delay-grain-supplies-to-palestinians.md) | +0.1% | -1.4% |
| WHEAT | 2022-10-31 | [Wheat up 6% after Russia quits Black Sea pact; corn, soy firm \| Reuters](https://feedsoft.ai/events/39156-wheat-up-6-after-russia-quits-black-sea-pact-corn-soy-firm-reuters.md) | -5.6% | +2.4% |
| WHEAT | 2026-07-30 | [First Thing Today \| Wheat rallies overnight on Black Sea shipping disruptions - Pro Farmer](https://feedsoft.ai/events/18380-first-thing-today-wheat-rallies-overnight-on-black-sea-shipping-disruptions-pro.md) | -1.3% | +3.6% |
| WHEAT | 2026-07-20 | [Wheat Climbs on Black Sea Risk, Soybeans Firm as China Returns](https://feedsoft.ai/events/9563-wheat-climbs-on-black-sea-risk-soybeans-firm-as-china-returns.md) | +3.1% | +0.5% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/red-sea-troubles-set-souths-firmer-tone/

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