# Drop in global output of bread-making wheat sparks hunt for supplies

> Reuters reports that the price spread between lower-quality Australian Standard White wheat and Australian Premium White wheat has widened to $47 a tonne from about $8-10 a few months ago. Traders attribute this to uneven quality ratings as the Australian harvest wraps up.

- Date: 2021-12-01 · published 2021-12-01T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/43641-drop-in-global-output-of-bread-making-wheat-sparks-hunt-for-supplies
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Buyers are paying a steep premium for high-quality milling wheat amid a global supply shortfall, supporting prices for better grades. Lower-quality wheat is relatively cheaper, which may favor feed use.

## Read by commodity

- WHEAT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/drop-global-output-bread-making-wheat-sparks-hunt-supplies-2021-12-01/

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