# Hard red winter wheat: Towards bread shortages in 2023? 12.07.2022 - UkrAgroConsult

> Wheat quotes fell on July 27 after traders took profits on a better-than-expected US spring wheat yield and anticipation of the first grain ships leaving Ukrainian ports. Chicago SRW fell 1.7% and Kansas City HRW fell 1.8%, and the UN said exports could resume within days.

- Date: 2022-07-12 · published 2022-07-12T12:00:00.000Z
- Category: trade · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/40530-hard-red-winter-wheat-towards-bread-shortages-in-2023-12-07-2022-ukragroconsult
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Expected resumption of Ukrainian sea exports adds supply and pressures wheat prices, partly offset by the logistical risks of ships and mines in the corridor.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-01-24 | [French wheat exports falter as Algeria shuns its top supplier 24.01.2022 - UkrAgroConsult](https://feedsoft.ai/events/43081-french-wheat-exports-falter-as-algeria-shuns-its-top-supplier-24-01-2022.md) | +1.0% | -1.4% |
| WHEAT | 2022-08-29 | [World wheat prices are rising, although Russian wheat is becoming cheaper 29.08.2022 - UkrAgroConsult](https://feedsoft.ai/events/40082-world-wheat-prices-are-rising-although-russian-wheat-is-becoming-cheaper-29-08.md) | +0.5% | +4.4% |
| 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% |
| WHEAT | 2021-05-06 | [Russian wheat exports were record high during six months - UkrAgroConsult](https://feedsoft.ai/events/46951-russian-wheat-exports-were-record-high-during-six-months-ukragroconsult.md) | +4.6% | -1.5% |
| WHEAT | 2022-08-26 | [Black Sea grains tempt Asia’s buyers with low prices 26.08.2022 - UkrAgroConsult](https://feedsoft.ai/events/39923-black-sea-grains-tempt-asia-s-buyers-with-low-prices-26-08-2022-ukragroconsult.md) | +0.4% | +5.3% |
| KWHEAT | 2022-08-29 | [World wheat prices are rising, although Russian wheat is becoming cheaper 29.08.2022 - UkrAgroConsult](https://feedsoft.ai/events/40082-world-wheat-prices-are-rising-although-russian-wheat-is-becoming-cheaper-29-08.md) | -1.3% | +5.2% |
| KWHEAT | 2022-08-26 | [Black Sea grains tempt Asia’s buyers with low prices 26.08.2022 - UkrAgroConsult](https://feedsoft.ai/events/39923-black-sea-grains-tempt-asia-s-buyers-with-low-prices-26-08-2022-ukragroconsult.md) | -0.6% | +9.4% |
| KWHEAT | 2023-09-15 | [ERS: U.S. Hard Red Winter Wheat Exports, “Lowest Since Records Started in 1973/74” \| Farm Policy News \| Illinois](https://feedsoft.ai/events/34152-ers-u-s-hard-red-winter-wheat-exports-lowest-since-records-started-in-1973-74.md) | -0.1% | -5.1% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/hard-red-winter-wheat-towards-bread-shortages-in-2023/

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