# Analyst Insight: La Niña could keep domestic wheat prices supported going into 2022 | AHDB

> AHDB reports UK wheat futures fell on profit-taking after the October WASDE, and that Defra estimates UK wheat output at 14.02Mt and barley at 7.11Mt. It also says Chinese soybean imports in September fell to 6.9Mt from 9.8Mt a year earlier, and it links La Niña to possible support for wheat prices into 2022.

- Date: 2021-10-14 · published 2021-10-14T12:00:00.000Z
- Category: weather · region UK · magnitude low
- Page: https://feedsoft.ai/events/44470-analyst-insight-la-nina-could-keep-domestic-wheat-prices-supported-going-into
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Weaker Chinese soybean imports point to softer meal demand, while a smaller UK crop and La Niña risk support wheat and barley prices for feed buyers.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-05-13 | [A"maize"ing global support for wheat prices \| The Land \| NSW](https://feedsoft.ai/events/47137-a-maize-ing-global-support-for-wheat-prices-the-land-nsw.md) | -1.8% | -4.6% |
| WHEAT | 2024-07-11 | [La Niña weather event could return during summer 2024: Grain market daily \| AHDB](https://feedsoft.ai/events/29167-la-nina-weather-event-could-return-during-summer-2024-grain-market-daily-ahdb.md) | -3.5% | -2.6% |
| WHEAT | 2020-05-21 | [Analyst Insight: A look at feed markets \| AHDB](https://feedsoft.ai/events/53299-analyst-insight-a-look-at-feed-markets-ahdb.md) | +1.3% | -0.9% |
| WHEAT | 2025-01-29 | [Possible frost damage to crops in the United States supported wheat prices, which are gradually declining](https://feedsoft.ai/events/26543-possible-frost-damage-to-crops-in-the-united-states-supported-wheat-prices.md) | +0.6% | +1.4% |
| WHEAT | 2021-04-26 | [Wheat price rises to highest in eight years on supply concerns \| Seeking Alpha](https://feedsoft.ai/events/47637-wheat-price-rises-to-highest-in-eight-years-on-supply-concerns-seeking-alpha.md) | +3.3% | -0.2% |
| SOY | 2021-01-21 | [Analyst Insight: The Brazilian Safrinha crop could drive global grain markets \| AHDB](https://feedsoft.ai/events/48974-analyst-insight-the-brazilian-safrinha-crop-could-drive-global-grain-markets.md) | +0.4% | +0.4% |
| SOY | 2018-02-08 | [Looming La Niña could affect yields, prices – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/66350-looming-la-nina-could-affect-yields-prices-ohio-ag-net-ohio-s-country-journal.md) | +3.5% | +7.2% |
| SOY | 2024-01-05 | [New-Crop Soybean Meal Prices Anticipating Larger Argentine Harvest in 2024](https://feedsoft.ai/events/32215-new-crop-soybean-meal-prices-anticipating-larger-argentine-harvest-in-2024.md) | -2.4% | -5.8% |

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/analyst-insight-la-nina-could-keep-domestic-wheat-prices-supported-going-into-2022

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