# Grain Corridor, Weather and Harvest Pressure Wheat Prices

> A market commentary notes that the first Ukrainian grain vessel since the invasion sailed on August 1 under the UN and Turkey-brokered deal, and that CBOT wheat futures fell more than 3% on August 2. It cites northern hemisphere harvest pressure and weather risks, and reviews USDA's July forecast of tighter global wheat supply.

- Date: 2022-08-03 · published 2022-08-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/39994-grain-corridor-weather-and-harvest-pressure-wheat-prices
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Harvest pressure and resumed Black Sea shipments are weighing on wheat prices, although weather-related yield risk could reverse the trend.

## Read by commodity

- WHEAT: bearish ▼

## Sources

- uswheat.org: https://uswheat.org/wheatletter/black-sea-grain-corridor-weather-and-harvest-pressure-wheat-prices/

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