# Global wheat buyers set up for price shock by cutting forward purchases | Khaleej Times

> Wheat buyers in Asia, the Middle East and Africa are cutting forward purchases to two to three months of demand versus the usual six months, citing volatility. Chicago wheat futures are down 48% from last year's peak, though physical prices remain high amid Black Sea supply uncertainty.

- Date: 2023-02-22 · published 2023-02-22T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/37375-global-wheat-buyers-set-up-for-price-shock-by-cutting-forward-purchases-khaleej
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Hand-to-mouth buying leaves importers exposed to price spikes if Black Sea shipments are disrupted, while thin forward demand limits near-term support for prices.

## Read by commodity

- WHEAT: neutral
- KWHEAT: neutral

## Sources

- khaleejtimes.com: https://www.khaleejtimes.com/business/global-wheat-buyers-set-up-for-price-shock-by-cutting-forward-purchases

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