# Slow US demand puts the brakes on wheat - Mecardo

> Wheat fell back to finish the week of October 7, 2022 after briefly approaching $9/bu, as slow US export demand and a strong dollar reversed gains from a USDA cut to US ending stocks. Ukrainian grain exports picked up, and US wheat was priced well above Black Sea origins in tenders. Low Mississippi River levels slowed barge traffic and pressured US corn.

- Date: 2022-10-07 · published 2022-10-07T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/5089-slow-us-demand-puts-the-brakes-on-wheat-mecardo
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Uncompetitive US wheat pricing and low river levels limit export flows, pressuring wheat and corn prices, while cheaper Black Sea feed grains draw buyers away from US supply.

## Read by commodity

- DXY: bullish ▲
- CORN: bearish ▼
- BARGE: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-11-24 | [Logistics slows down EU wheat exports and pushes prices](https://feedsoft.ai/events/67887-logistics-slows-down-eu-wheat-exports-and-pushes-prices.md) | -0.1% | +0.4% |
| WHEAT | 2022-07-20 | [Demand prices for wheat and barley in Ukraine remain very low 20.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/40558-demand-prices-for-wheat-and-barley-in-ukraine-remain-very-low-20-07-2022.md) | -10.6% | -0.6% |
| WHEAT | 2022-07-28 | [Wheat prices fell in anticipation of the departure of grain ships from Ukrainian ports 28.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/40531-wheat-prices-fell-in-anticipation-of-the-departure-of-grain-ships-from.md) | +4.6% | +0.7% |
| WHEAT | 2026-10-29 | [Wheat prices fall as Russian ships get the green light \| DCA Market Intelligence](https://feedsoft.ai/events/1282-wheat-prices-fall-as-russian-ships-get-the-green-light-dca-market-intelligence.md) | -0.4% | — |
| WHEAT | 2026-07-29 | [Wheat exports expected to face the biggest impact from Black Sea port shutdown — opinian](https://feedsoft.ai/events/18463-wheat-exports-expected-to-face-the-biggest-impact-from-black-sea-port-shutdown.md) | -1.4% | +4.9% |
| CORN | 2024-10-25 | [Low Water 'Three-peats' On Upper, Middle Miss - The Waterways Journal](https://feedsoft.ai/events/16499-low-water-three-peats-on-upper-middle-miss-the-waterways-journal.md) | -1.7% | +0.1% |
| CORN | 2020-03-26 | [U.S. ethanol plants cutting output due to crashing demand](https://feedsoft.ai/events/54131-u-s-ethanol-plants-cutting-output-due-to-crashing-demand.md) | +3.9% | -3.7% |
| CORN | 2024-03-25 | [US southbound barge demand falls off earlier than usual \| Latest Market News](https://feedsoft.ai/events/31382-us-southbound-barge-demand-falls-off-earlier-than-usual-latest-market-news.md) | -4.9% | -6.9% |

## Sources

- mecardo.com.au: https://mecardo.com.au/slow-us-demand-puts-the-brakes-on-wheat/

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