# Weather woes, Russia upend outlook for global wheat suppliers | Reuters

> Reuters analysis links weather problems and Russia's actions to a decline in global wheat supplies, with top supplier Russia intensifying its role. Wheat prices spiked on July 19, the biggest daily gain since February 2022.

- Date: 2023-08-02 · published 2023-08-02T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/34622-weather-woes-russia-upend-outlook-for-global-wheat-suppliers-reuters
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Lower Russian and global wheat supplies tighten export availability and support wheat prices, which lifts the cost of wheat used in feed rations.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-03-29 | [Outlook Dims for Global Spring Wheat Production](https://feedsoft.ai/events/48188-outlook-dims-for-global-spring-wheat-production.md) | -0.5% | +4.2% |
| WHEAT | 2023-12-26 | [Global 2024 staple food supplies to be strained by dry weather, export curbs \| Reuters](https://feedsoft.ai/events/32481-global-2024-staple-food-supplies-to-be-strained-by-dry-weather-export-curbs.md) | +3.2% | +0.5% |
| WHEAT | 2024-09-23 | [Wheat Extends Gains on Tight Supply Outlook Due to Poor Weather - Bloomberg](https://feedsoft.ai/events/5604-wheat-extends-gains-on-tight-supply-outlook-due-to-poor-weather-bloomberg.md) | +11.3% | +5.5% |
| WHEAT | 2022-03-09 | [US Winter Wheat Production Won’t Ease Tight Global Supplies](https://feedsoft.ai/events/42322-us-winter-wheat-production-won-t-ease-tight-global-supplies.md) | -3.1% | +3.6% |
| WHEAT | 2021-07-30 | [Adverse global weather creates potent bull market for wheat](https://feedsoft.ai/events/46137-adverse-global-weather-creates-potent-bull-market-for-wheat.md) | +1.6% | +2.4% |
| KWHEAT | 2021-03-29 | [Outlook Dims for Global Spring Wheat Production](https://feedsoft.ai/events/48188-outlook-dims-for-global-spring-wheat-production.md) | -0.9% | +23.5% |
| KWHEAT | 2024-09-23 | [Wheat Extends Gains on Tight Supply Outlook Due to Poor Weather - Bloomberg](https://feedsoft.ai/events/5604-wheat-extends-gains-on-tight-supply-outlook-due-to-poor-weather-bloomberg.md) | +2.3% | +3.0% |
| KWHEAT | 2022-03-09 | [US Winter Wheat Production Won’t Ease Tight Global Supplies](https://feedsoft.ai/events/42322-us-winter-wheat-production-won-t-ease-tight-global-supplies.md) | -2.4% | -8.7% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/weather-woes-russia-upend-outlook-global-wheat-suppliers-2023-08-02/

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