# After a 5-day fall, wheat prices rose on forecasts of heat in the US and the EU 19.07.2022 - UkrAgroConsult

> Wheat prices rebounded on July 19 after a five-day decline, with Chicago SRW up about 4.6% and Kansas City HRW up 4.4%. Forecasts of a heat wave in Western Europe and the US, plus a European Commission warning on drought across half the EU, supported the rally alongside a sharp rise in oil prices.

- Date: 2022-07-19 · published 2022-07-19T12:00:00.000Z
- Category: weather · region EU · magnitude medium
- Page: https://feedsoft.ai/events/40526-after-a-5-day-fall-wheat-prices-rose-on-forecasts-of-heat-in-the-us-and-the-eu
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Heat and drought threats to EU and US crops tighten expected wheat supplies, and the oil-driven rally shows energy linkages lifting grain values.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-11-30 | [Forecasts of a decrease in the production of wheat and rapeseed in the EU in 2024/25 MY support quotations](https://feedsoft.ai/events/33128-forecasts-of-a-decrease-in-the-production-of-wheat-and-rapeseed-in-the-eu-in.md) | +1.2% | +0.0% |
| WHEAT | 2022-07-28 | [India: First wheat, now rice — hit by bad weather, output could fall by ‘10 mn tonnes’ this season 28.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/40459-india-first-wheat-now-rice-hit-by-bad-weather-output-could-fall-by-10-mn-tonnes.md) | +4.6% | +0.7% |
| WHEAT | 2022-09-27 | [Agriculture Weather Watch: No Respite For Argentinian Wheat Despite Rain Forecast 27.09.2022 - UkrAgroConsult](https://feedsoft.ai/events/39523-agriculture-weather-watch-no-respite-for-argentinian-wheat-despite-rain.md) | +1.8% | -10.0% |
| WHEAT | 2022-11-01 | [Markets in tizzy as wet weather threatens Australian milling wheat prospects 01.11.2022 - UkrAgroConsult](https://feedsoft.ai/events/38638-markets-in-tizzy-as-wet-weather-threatens-australian-milling-wheat-prospects-01.md) | +7.3% | +7.7% |
| WHEAT | 2020-09-24 | [Wheat prices rose because of lower production forecast for Argentina](https://feedsoft.ai/events/10435-wheat-prices-rose-because-of-lower-production-forecast-for-argentina.md) | +6.7% | +11.0% |
| KWHEAT | 2018-05-29 | [Wheat prices are rising because of the hot and dry weather](https://feedsoft.ai/events/65065-wheat-prices-are-rising-because-of-the-hot-and-dry-weather.md) | -7.5% | -16.7% |
| KWHEAT | 2023-06-06 | [Wheat prices are recovering amid increased demand and lower crop forecasts](https://feedsoft.ai/events/35513-wheat-prices-are-recovering-amid-increased-demand-and-lower-crop-forecasts.md) | -3.1% | +3.3% |
| KWHEAT | 2019-05-15 | [The price of wheat in the United States and Europe has increased dramatically](https://feedsoft.ai/events/12091-the-price-of-wheat-in-the-united-states-and-europe-has-increased-dramatically.md) | +8.5% | +15.2% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/after-a-5-day-fall-wheat-prices-rose-on-forecasts-of-heat-in-the-us-and-the-eu/

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