# Competitive Black Sea wheat pressuring prices, explained: Grain market daily | AHDB

> UK feed wheat futures fell £3.20/t to £242.50/t on 5 December as global grain contracts declined. ABARES forecast Australia's winter crop at 62 million tonnes, the second highest on record, while competitive Black Sea wheat supplies pressured global tenders.

- Date: 2022-12-06 · published 2022-12-06T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/38266-competitive-black-sea-wheat-pressuring-prices-explained-grain-market-daily-ahdb
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Record Australian output and cheap Black Sea wheat add supply that weighs on world wheat prices, lowering the cost of wheat-based feed ingredients for buyers.

## Read by commodity

- BRENT: bearish ▼
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-12-01 | [LNG Prices Are In A Tailspin Due To Warmer Weather \| OilPrice.com](https://feedsoft.ai/events/61752-lng-prices-are-in-a-tailspin-due-to-warmer-weather-oilprice-com.md) | +6.0% | -10.4% |
| BRENT | 2020-10-29 | [Analyst Insight: La Niña weather event could impact your rapeseed price \| AHDB](https://feedsoft.ai/events/50745-analyst-insight-la-nina-weather-event-could-impact-your-rapeseed-price-ahdb.md) | +5.1% | +24.6% |
| BRENT | 2024-11-12 | [The Commodities Feed: Natural gas surges \| articles \| ING THINK](https://feedsoft.ai/events/7026-the-commodities-feed-natural-gas-surges-articles-ing-think.md) | +2.5% | +1.3% |
| BRENT | 2023-01-31 | [The end of the New Year holidays in China activated the market of vegetable oils](https://feedsoft.ai/events/37869-the-end-of-the-new-year-holidays-in-china-activated-the-market-of-vegetable-oils.md) | -4.9% | -3.6% |
| BRENT | 2017-01-03 | [The End Of The Rally? Oil Reverses, Natural Gas Trounced \| OilPrice.com](https://feedsoft.ai/events/11916-the-end-of-the-rally-oil-reverses-natural-gas-trounced-oilprice-com.md) | -1.6% | -1.0% |
| KWHEAT | 2024-08-23 | [Wheat prices in Ukraine fall under pressure from falling world prices](https://feedsoft.ai/events/28813-wheat-prices-in-ukraine-fall-under-pressure-from-falling-world-prices.md) | +3.1% | +6.6% |
| KWHEAT | 2024-03-06 | [Grain Markets: Can We Expect a Rally in Wheat, Corn, and Soybeans Anytime Soon?](https://feedsoft.ai/events/7304-grain-markets-can-we-expect-a-rally-in-wheat-corn-and-soybeans-anytime-soon.md) | +5.4% | -1.9% |
| KWHEAT | 2019-05-06 | [Daily Market Wire 6 May 2019 - Grain Central](https://feedsoft.ai/events/7491-daily-market-wire-6-may-2019-grain-central.md) | -3.5% | +23.9% |

## Sources

- ahdb.org.uk: http://www.ahdb.org.uk/news/competitive-black-sea-wheat-pressuring-prices-explained-grain-market-daily

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