# APW-ASW price spread widens to record levels amid Australian weather woes | S&P Global

> Australian Premium White wheat's premium over Australian Standard White widened to a record, with ASW assessed $30/mt below APW on Nov. 18. Heavy rain during harvest slowed harvesting and diluted protein levels, and Indian feed wheat is competing for lower-grade supplies.

- Date: 2021-11-18 · published 2021-11-18T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/44097-apw-asw-price-spread-widens-to-record-levels-amid-australian-weather-woes-s-and
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Weather-damaged lower-protein Australian wheat trades at a discount, giving feed buyers cheaper wheat options and widening the grade spread, while higher-protein wheat stays tight.

## Read by commodity

- WHEAT: neutral
- BARLEY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-11-21 | [Farming News - Rabobank: Weather event among threats to global food price stability in 2018](https://feedsoft.ai/events/67910-farming-news-rabobank-weather-event-among-threats-to-global-food-price.md) | -0.0% | +0.1% |
| WHEAT | 2024-01-25 | [What are the odds that extreme weather will lead to a global food shock? » Yale Climate Connections](https://feedsoft.ai/events/32042-what-are-the-odds-that-extreme-weather-will-lead-to-a-global-food-shock-yale.md) | -0.4% | -5.2% |
| WHEAT | 2019-05-29 | [Weather contributes to record-slow corn planting - Brownfield Ag News](https://feedsoft.ai/events/58940-weather-contributes-to-record-slow-corn-planting-brownfield-ag-news.md) | +9.6% | +15.3% |
| WHEAT | 2023-06-16 | [Strategie Grains cuts EU cereal crop forecasts on weather woes](https://feedsoft.ai/events/35421-strategie-grains-cuts-eu-cereal-crop-forecasts-on-weather-woes.md) | +3.5% | -0.1% |
| WHEAT | 2017-09-15 | [Markets eye global weather](https://feedsoft.ai/events/68874-markets-eye-global-weather.md) | +0.7% | +3.6% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/111821-apw-asw-price-spread-widens-to-record-levels-amid-australian-weather-woes

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