# Australian wheat under pressure from Ukraine, South America competition | S&P Global

> Platts Australian wheat benchmarks fell 5.2% and 6.2% over the month, to $360/mt and $347/mt FOB Western Australia. Buyers in Indonesia and the Philippines are holding back because of bearish sentiment, and more Ukrainian wheat offers are appearing in Asia. Australian wheat is also facing competition from South American corn and barley.

- Date: 2022-08-22 · published 2022-08-22T12:00:00.000Z
- Category: trade · region Australia · magnitude low
- Page: https://feedsoft.ai/events/40017-australian-wheat-under-pressure-from-ukraine-south-america-competition-s-and-p
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Cheaper Ukrainian and South American supplies are limiting demand for Australian feed grains, which keeps export prices under pressure. A large expected Australian crop adds to the downside.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-07-25 | [U.S. grains: Chicago wheat futures dip on global supply pressure; corn, soybeans fall - AgCanada](https://feedsoft.ai/events/23793-u-s-grains-chicago-wheat-futures-dip-on-global-supply-pressure-corn-soybeans.md) | -1.2% | +0.8% |
| WHEAT | 2019-08-04 | [Global Ag Network \| FED Speaks - Grains Under Pressure](https://feedsoft.ai/events/6046-global-ag-network-fed-speaks-grains-under-pressure.md) | -0.5% | -1.1% |
| WHEAT | 2026-02-03 | [EU wheat faces stiff competition - Grain Central](https://feedsoft.ai/events/20528-eu-wheat-faces-stiff-competition-grain-central.md) | +0.0% | +4.5% |
| WHEAT | 2026-09-21 | [Drought and Global Competition Are Weighing on US Wheat Exports](https://feedsoft.ai/events/17525-drought-and-global-competition-are-weighing-on-us-wheat-exports.md) | +3.5% | +0.7% |
| 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% | — |
| CORN | 2025-07-25 | [U.S. grains: Chicago wheat futures dip on global supply pressure; corn, soybeans fall - AgCanada](https://feedsoft.ai/events/23793-u-s-grains-chicago-wheat-futures-dip-on-global-supply-pressure-corn-soybeans.md) | +0.8% | +0.1% |
| CORN | 2019-08-04 | [Global Ag Network \| FED Speaks - Grains Under Pressure](https://feedsoft.ai/events/6046-global-ag-network-fed-speaks-grains-under-pressure.md) | -2.4% | -8.2% |
| CORN | 2024-10-31 | [Export demand for corn in Ukraine remains high, although world prices are under pressure from cheap US corn supply](https://feedsoft.ai/events/27878-export-demand-for-corn-in-ukraine-remains-high-although-world-prices-are-under.md) | +2.2% | -1.3% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/082222-australian-wheat-under-pressure-from-ukraine-south-america-competition

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