# Global wheat trade projected to dip because of war in Ukraine, USDA says | Agri-Pulse Communications, Inc.

> USDA's April WASDE projected global wheat trade to decline because of the war in Ukraine, which the report said had significantly increased supply and demand uncertainty. Russia, Brazil and Argentina are not expected to fully offset lower exports from the EU, Ukraine, the U.S. and Kazakhstan. Wheat futures rose after the report.

- Date: 2022-04-08 · published 2022-04-08T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/41800-global-wheat-trade-projected-to-dip-because-of-war-in-ukraine-usda-says-agri
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Ukraine and Russia normally supply about 30% of world wheat trade, so reduced exports from the Black Sea region tighten global supply and support wheat prices.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-05-25 | [War in Ukraine to take large volumes of Black Sea wheat and corn off market in both current and next seasons – S&P Global Commodity Insights](https://feedsoft.ai/events/14490-war-in-ukraine-to-take-large-volumes-of-black-sea-wheat-and-corn-off-market-in.md) | -1.3% | -3.0% |
| WHEAT | 2022-02-25 | [Rabobank commentary: Implications of Russia Ukraine conflict for Australian wheat](https://feedsoft.ai/events/42756-rabobank-commentary-implications-of-russia-ukraine-conflict-for-australian-wheat.md) | +9.4% | +23.7% |
| WHEAT | 2022-02-24 | [Ukraine Invasion Threatens Global Wheat Supply](https://feedsoft.ai/events/6311-ukraine-invasion-threatens-global-wheat-supply.md) | +6.8% | +25.3% |
| WHEAT | 2022-06-16 | [Russia’s invasion of Ukraine puts additional strain on global food production chain](https://feedsoft.ai/events/40881-russia-s-invasion-of-ukraine-puts-additional-strain-on-global-food-production.md) | -2.3% | -13.8% |
| WHEAT | 2022-02-24 | [AgriMarketing.com - Wheat Prices Soar Following Russia's Invasion Of Ukraine](https://feedsoft.ai/events/42753-agrimarketing-com-wheat-prices-soar-following-russia-s-invasion-of-ukraine.md) | +6.8% | +25.3% |
| KWHEAT | 2022-02-24 | [AgriMarketing.com - Wheat Prices Soar Following Russia's Invasion Of Ukraine](https://feedsoft.ai/events/42753-agrimarketing-com-wheat-prices-soar-following-russia-s-invasion-of-ukraine.md) | +17.5% | +21.7% |
| KWHEAT | 2022-01-31 | [Russia-Ukraine Tensions Drive Global Wheat Prices Higher](https://feedsoft.ai/events/43173-russia-ukraine-tensions-drive-global-wheat-prices-higher.md) | -2.1% | +18.9% |
| KWHEAT | 2022-04-27 | [US wheat prices surge in wake of Russia-Ukraine conflict - High Plains Journal](https://feedsoft.ai/events/41903-us-wheat-prices-surge-in-wake-of-russia-ukraine-conflict-high-plains-journal.md) | -6.6% | +6.9% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/17507-global-wheat-trade-projected-to-dip-because-of-war-in-ukraine-usda-says

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