# A"maize"ing global support for wheat prices | The Land | NSW

> Rabobank projects wheat prices in Q1 2022 about 40% above the five-year average, with global wheat at near-2013 highs as feed buyers switch from expensive corn. Brazil's corn deficit, record domestic prices and suspension of its import tariff on non-Mercosur corn are driving the tightness, and dryness has cut safrinha yield potential.

- Date: 2021-05-13 · published 2021-05-13T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/47137-a-maize-ing-global-support-for-wheat-prices-the-land-nsw
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Feed buyers substituting wheat for corn lifts wheat demand, and Brazil's corn shortfall and tariff suspension support imports and global feed grain prices through 2022.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-08-04 | [Global Heat Wave Toasts Wheat and Prices Soar](https://feedsoft.ai/events/9684-global-heat-wave-toasts-wheat-and-prices-soar.md) | +2.9% | +1.6% |
| WHEAT | 2018-06-19 | [Wheat production forecasts diminishing \| The Land \| NSW](https://feedsoft.ai/events/64495-wheat-production-forecasts-diminishing-the-land-nsw.md) | -0.7% | -3.1% |
| WHEAT | 2020-09-22 | [Drought hampering Black Sea crop sowing sparks light in wheat prices
 \| The Land \| NSW](https://feedsoft.ai/events/51175-drought-hampering-black-sea-crop-sowing-sparks-light-in-wheat-prices-the-land.md) | +5.6% | +10.6% |
| WHEAT | 2021-09-08 | [FEATURE: Rising wheat prices make pasta and bread expensive \| S&P Global](https://feedsoft.ai/events/45097-feature-rising-wheat-prices-make-pasta-and-bread-expensive-s-and-p-global.md) | +2.2% | +5.0% |
| WHEAT | 2019-12-10 | [What Surprises Are Stirring the Global Wheat Markets? \| CZ app](https://feedsoft.ai/events/10580-what-surprises-are-stirring-the-global-wheat-markets-cz-app.md) | +2.5% | +3.5% |
| CORN | 2021-10-26 | [Global wheat prices started the week with rapid growth](https://feedsoft.ai/events/44581-global-wheat-prices-started-the-week-with-rapid-growth.md) | +8.0% | +9.6% |
| CORN | 2025-03-25 | [Global corn stocks low and falling - prices to rise](https://feedsoft.ai/events/25595-global-corn-stocks-low-and-falling-prices-to-rise.md) | -1.5% | +3.1% |
| CORN | 2021-04-28 | [Global weather driving price rises in grains and oilseeds: Feed market report \| AHDB](https://feedsoft.ai/events/9793-global-weather-driving-price-rises-in-grains-and-oilseeds-feed-market-report.md) | +4.4% | -7.3% |

## Sources

- theland.com.au: https://www.theland.com.au/story/7246304/corn-production-shifts-provide-strength-to-world-grains-markets/

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