# Favorable weather for winter wheat in the USA, Europe and the Black Sea region is putting pressure on quotations

> Wheat quotations on world exchanges stayed low under pressure from unsold cheap Russian wheat, with Russia reporting a 105.7 million tonne harvest. Egypt's GASC bought 80,000 tonnes of Russian wheat at $339/t C&F, and Argentina cut its 2022/23 wheat exports to 6 million tonnes.

- Date: 2022-12-29 · published 2022-12-29T12:00:00.000Z
- Category: trade · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/38268-favorable-weather-for-winter-wheat-in-the-usa-europe-and-the-black-sea-region
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Low-priced Russian supply and favorable northern hemisphere weather keep wheat prices under pressure, though Argentina's export cut tightens some supply for buyers.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2026-10-20 | [Weak demand for US wheat increases price pressure on Ukrainian and EU markets](https://feedsoft.ai/events/458-weak-demand-for-us-wheat-increases-price-pressure-on-ukrainian-and-eu-markets.md) | -4.6% | — |
| KWHEAT | 2022-12-02 | [Wheat wilts in the face of harvest selling pressure \| Stock Journal \| SA](https://feedsoft.ai/events/6646-wheat-wilts-in-the-face-of-harvest-selling-pressure-stock-journal-sa.md) | -4.7% | -1.7% |
| KWHEAT | 2022-11-09 | [Wheat prices continue to fall amid USDA report and cancellation of tender in Egypt](https://feedsoft.ai/events/38715-wheat-prices-continue-to-fall-amid-usda-report-and-cancellation-of-tender-in.md) | +1.8% | -8.6% |
| KWHEAT | 2021-02-02 | [Record wheat exports from Russia increases pressure on prices](https://feedsoft.ai/events/48490-record-wheat-exports-from-russia-increases-pressure-on-prices.md) | +2.3% | +0.3% |
| KWHEAT | 2019-08-22 | [Black Sea wheat price converted to Oklahoma and Texas: $3.49](https://feedsoft.ai/events/57458-black-sea-wheat-price-converted-to-oklahoma-and-texas-3-49.md) | +1.6% | +6.0% |
| WHEAT | 2026-10-20 | [Weak demand for US wheat increases price pressure on Ukrainian and EU markets](https://feedsoft.ai/events/458-weak-demand-for-us-wheat-increases-price-pressure-on-ukrainian-and-eu-markets.md) | -0.7% | — |
| WHEAT | 2022-12-02 | [Wheat wilts in the face of harvest selling pressure \| Stock Journal \| SA](https://feedsoft.ai/events/6646-wheat-wilts-in-the-face-of-harvest-selling-pressure-stock-journal-sa.md) | -9.7% | -1.7% |
| WHEAT | 2021-11-30 | [The collapse of world prices for wheat and corn has increased pressure on purchase prices in Ukraine 30.11.2021 - UkrAgroConsult](https://feedsoft.ai/events/11601-the-collapse-of-world-prices-for-wheat-and-corn-has-increased-pressure-on.md) | -1.0% | -3.4% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/favorable-weather-for-winter-wheat-in-the-usa-europe-and-the-black-sea-region-is-putting-pressure-on-quotations/

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