# Wheat Prices Spike as US Sees War, Adverse Weather Hurting Crops - Bloomberg

> Wheat prices rose sharply as a USDA forecast showed Ukraine's wheat production falling by one-third from last year. Drought and floods in other major producing regions added to supply concerns.

- Date: 2022-05-12 · published 2022-05-12T12:00:00.000Z
- Category: weather · region Global · magnitude high
- Page: https://feedsoft.ai/events/41431-wheat-prices-spike-as-us-sees-war-adverse-weather-hurting-crops-bloomberg
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A large cut in Black Sea output and weather problems across several exporters tighten world wheat supplies, supporting higher wheat and feed grain prices.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-07-23 | [Heat Worries US Wheat Farmers Just as Crop Prices Surge - Bloomberg](https://feedsoft.ai/events/18406-heat-worries-us-wheat-farmers-just-as-crop-prices-surge-bloomberg.md) | -2.5% | +2.2% |
| WHEAT | 2026-05-12 | [Wheat Extends Gains as Poor Weather Worsens US Crop Conditions - Bloomberg](https://feedsoft.ai/events/10790-wheat-extends-gains-as-poor-weather-worsens-us-crop-conditions-bloomberg.md) | -0.0% | -3.8% |
| WHEAT | 2018-09-04 | [Biggest Wheat Importer May Turn to Hedging After Price Spike - Bloomberg](https://feedsoft.ai/events/6995-biggest-wheat-importer-may-turn-to-hedging-after-price-spike-bloomberg.md) | -0.0% | -4.7% |
| WHEAT | 2025-05-09 | [Tight Wheat Supply Leaves Prices at Mercy of Any Weather Shocks - Bloomberg](https://feedsoft.ai/events/24707-tight-wheat-supply-leaves-prices-at-mercy-of-any-weather-shocks-bloomberg.md) | -0.1% | -2.5% |
| WHEAT | 2017-06-28 | [Wheat prices firm on worries dry weather could hit U.S. crops](https://feedsoft.ai/events/9718-wheat-prices-firm-on-worries-dry-weather-could-hit-u-s-crops.md) | +3.2% | -2.8% |
| CORN | 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) | -3.7% | -9.3% |
| CORN | 2017-07-26 | [What’s Driving This Summer’s Weird Weather - Bloomberg](https://feedsoft.ai/events/69807-what-s-driving-this-summer-s-weird-weather-bloomberg.md) | -1.0% | -5.5% |
| CORN | 2021-11-12 | [China corn prices rise as bad weather delays crop shipments](https://feedsoft.ai/events/44068-china-corn-prices-rise-as-bad-weather-delays-crop-shipments.md) | -1.1% | +3.4% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-05-12/spring-wheat-at-14-year-high-as-extreme-weather-boosts-prices

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