# Winter Wheat Prices Touch 9-Year High on Russia, Ukraine Fears - Bloomberg

> Hard red winter wheat futures in Chicago climbed to a nine-year high as Russia-Ukraine tensions raised fears of disruption to Black Sea trade. Ukraine and Russia together account for a large share of global wheat exports, and world food costs were already at a decade high.

- Date: 2022-02-23 · published 2022-02-23T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/42748-winter-wheat-prices-touch-9-year-high-on-russia-ukraine-fears-bloomberg
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Fears of Black Sea export disruption tighten an already low-stock wheat market, supporting higher wheat prices and feed grain costs for buyers.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2022-03-02 | [Wheat Futures Price Soars to 14-Year High as Russia Invasion Chokes Trade - Bloomberg](https://feedsoft.ai/events/42310-wheat-futures-price-soars-to-14-year-high-as-russia-invasion-chokes-trade.md) | +17.2% | +1.2% |
| KWHEAT | 2022-03-02 | [Wheat Prices Shoot to 14-Year High on Concerns over Conflict Between Russia and Ukraine - AgWeb](https://feedsoft.ai/events/42324-wheat-prices-shoot-to-14-year-high-on-concerns-over-conflict-between-russia-and.md) | +17.2% | +1.2% |
| KWHEAT | 2023-07-19 | [Wheat Futures Rise 9% as Russia Threatens Ships Headed to Ukraine - Bloomberg](https://feedsoft.ai/events/35084-wheat-futures-rise-9-as-russia-threatens-ships-headed-to-ukraine-bloomberg.md) | +10.3% | -10.8% |
| 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 | 2023-07-20 | [Wheat prices soar as Russia-Ukraine tensions stoke food crisis fears](https://feedsoft.ai/events/35082-wheat-prices-soar-as-russia-ukraine-tensions-stoke-food-crisis-fears.md) | -0.2% | -14.3% |
| WHEAT | 2022-03-02 | [Wheat Futures Price Soars to 14-Year High as Russia Invasion Chokes Trade - Bloomberg](https://feedsoft.ai/events/42310-wheat-futures-price-soars-to-14-year-high-as-russia-invasion-chokes-trade.md) | +6.9% | +20.3% |
| WHEAT | 2022-03-02 | [Wheat Prices Shoot to 14-Year High on Concerns over Conflict Between Russia and Ukraine - AgWeb](https://feedsoft.ai/events/42324-wheat-prices-shoot-to-14-year-high-on-concerns-over-conflict-between-russia-and.md) | +6.9% | +20.3% |
| WHEAT | 2023-07-19 | [Wheat Futures Rise 9% as Russia Threatens Ships Headed to Ukraine - Bloomberg](https://feedsoft.ai/events/35084-wheat-futures-rise-9-as-russia-threatens-ships-headed-to-ukraine-bloomberg.md) | +1.6% | +0.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-02-23/winter-wheat-prices-touch-9-year-high-on-russia-ukraine-fears

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