# Precipitation in the EU and the USA and the possible unblocking of Ukrainian ports increase the pressure on wheat prices 21.07.2022 - UkrAgroConsult

> Wheat futures rose on July 20 as Egypt's GASC bought 580-640 thousand tonnes of European and Russian wheat at $403-405/t C&F, and Pakistan bought 300,000 tonnes. Rain in the EU and US reduced risks to late harvest, while the possible unblocking of Ukrainian ports added pressure from supply prospects.

- Date: 2022-07-21 · published 2022-07-21T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/40541-precipitation-in-the-eu-and-the-usa-and-the-possible-unblocking-of-ukrainian
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Active import tenders confirm solid global demand, but expected Black Sea supply and easing weather cap further gains. Feed wheat prices are likely to remain range-bound.

## Read by commodity

- WHEAT: neutral
- KWHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-01-21 | [US lawmakers seek litigation at WTO against India on wheat subsidy 21.01.2022 - UkrAgroConsult](https://feedsoft.ai/events/43117-us-lawmakers-seek-litigation-at-wto-against-india-on-wheat-subsidy-21-01-2022.md) | +0.5% | -1.6% |
| WHEAT | 2021-10-23 | [Ukraine. Grain export 2021/22: memorandum wheat shipment approaches 45% 23.10.2021 - UkrAgroConsult](https://feedsoft.ai/events/44404-ukraine-grain-export-2021-22-memorandum-wheat-shipment-approaches-45-23-10-2021.md) | +0.5% | +8.7% |
| WHEAT | 2021-06-14 | [Ukrainian ports transshipped 1 mln tonnes of wheat in May](https://feedsoft.ai/events/46433-ukrainian-ports-transshipped-1-mln-tonnes-of-wheat-in-may.md) | +5.8% | -5.4% |
| WHEAT | 2019-12-09 | [Conditions and prospects of the Russian grain market, competition with the EU and Ukraine – A.Korbut](https://feedsoft.ai/events/55440-conditions-and-prospects-of-the-russian-grain-market-competition-with-the-eu.md) | -3.5% | -0.6% |
| WHEAT | 2021-05-16 | [Explained: How rice and wheat exports hit a record high \| Explained News - The Indian Express](https://feedsoft.ai/events/47049-explained-how-rice-and-wheat-exports-hit-a-record-high-explained-news-the.md) | -1.3% | -4.1% |
| KWHEAT | 2020-01-28 | [Wheat: slight pressure on sales in Western Europe  - Mundus Agri](https://feedsoft.ai/events/8054-wheat-slight-pressure-on-sales-in-western-europe-mundus-agri.md) | -4.1% | -6.5% |
| KWHEAT | 2018-10-18 | [Wheat exports, the key to higher prices](https://feedsoft.ai/events/62623-wheat-exports-the-key-to-higher-prices.md) | -4.6% | -7.7% |
| KWHEAT | 2019-02-01 | [How Russia and Ukraine took over the wheat market](https://feedsoft.ai/events/60647-how-russia-and-ukraine-took-over-the-wheat-market.md) | -0.6% | -11.7% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/precipitation-in-the-eu-and-the-usa-and-the-possible-unblocking-of-ukrainian-ports-increase-the-pressure-on-wheat-prices/

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