# Global Wheat Prices Outlook For Australian Growers

> USDA's first 2022/23 world supply and demand estimates pegged global wheat output at 774.83 million tonnes, below the current crop, with ending stocks cut. India then banned wheat exports, cutting the global export forecast by 8.5 million tonnes.

- Date: 2022-05-17 · published 2022-05-17T12:00:00.000Z
- Category: policy · region India · magnitude high
- Page: https://feedsoft.ai/events/41375-global-wheat-prices-outlook-for-australian-growers
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

India's export ban removes a large supply source from world wheat trade and tightens global availability, which is bullish for wheat prices.

## Read by commodity

- RICE: neutral
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-01-30 | [Russian wheat prices jump to highest since June on falling supply \| S&P Global](https://feedsoft.ai/events/26558-russian-wheat-prices-jump-to-highest-since-june-on-falling-supply-s-and-p-global.md) | -0.1% | +0.6% |
| WHEAT | 2020-12-30 | [Commodities 2021: Bullish expectations for 2021 Black Sea wheat prices \| S&P Global](https://feedsoft.ai/events/49512-commodities-2021-bullish-expectations-for-2021-black-sea-wheat-prices-s-and-p.md) | +5.0% | +11.6% |
| WHEAT | 2021-12-30 | [Black Sea wheat prices on uptrend in 2022, mixed outlook for Russian exports 30.12.2021 - UkrAgroConsult](https://feedsoft.ai/events/14525-black-sea-wheat-prices-on-uptrend-in-2022-mixed-outlook-for-russian-exports-30.md) | -0.7% | +9.2% |
| WHEAT | 2019-01-28 | [Potential For Wheat Breakout? » Trilateral - Perspectives You Can Price On](https://feedsoft.ai/events/61017-potential-for-wheat-breakout-trilateral-perspectives-you-can-price-on.md) | +0.1% | -2.8% |
| WHEAT | 2021-02-26 | [WHEAT SCOOPS: Higher wheat prices may be here for a while](https://feedsoft.ai/events/48660-wheat-scoops-higher-wheat-prices-may-be-here-for-a-while.md) | +1.2% | -1.0% |
| KWHEAT | 2025-01-30 | [Russian wheat prices jump to highest since June on falling supply \| S&P Global](https://feedsoft.ai/events/26558-russian-wheat-prices-jump-to-highest-since-june-on-falling-supply-s-and-p-global.md) | +2.0% | -1.6% |
| KWHEAT | 2021-12-30 | [Black Sea wheat prices on uptrend in 2022, mixed outlook for Russian exports 30.12.2021 - UkrAgroConsult](https://feedsoft.ai/events/14525-black-sea-wheat-prices-on-uptrend-in-2022-mixed-outlook-for-russian-exports-30.md) | -4.5% | -3.8% |
| KWHEAT | 2019-01-28 | [Potential For Wheat Breakout? » Trilateral - Perspectives You Can Price On](https://feedsoft.ai/events/61017-potential-for-wheat-breakout-trilateral-perspectives-you-can-price-on.md) | -0.1% | -13.2% |

## Sources

- grainbrokers.com.au: https://www.grainbrokers.com.au/wheat-production-under-threat-across-the-globe/

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