# Wheat Market Stabilizes, as the Black Sea Weather Remains Dry

> Wheat prices retreated after a sharp March rally as flour mill demand and panic buying faded. Dry weather across the Black Sea region, including Ukraine, eastern Europe and western Russia, is emerging as a bullish factor that could lead prices higher if it persists.

- Date: 2020-04-04 · published 2020-04-04T12:00:00.000Z
- Category: weather · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/53686-wheat-market-stabilizes-as-the-black-sea-weather-remains-dry
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Dryness in Black Sea growing areas could tighten exporter supplies and support global wheat prices into the new crop year if rains do not arrive.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2021-07-29 | [Black Sea wheat price surges as dry weather slashes crop outlooks - Fastmarkets](https://feedsoft.ai/events/46099-black-sea-wheat-price-surges-as-dry-weather-slashes-crop-outlooks-fastmarkets.md) | +5.3% | +6.4% |
| KWHEAT | 2024-04-22 | [U.S. grains: Wheat futures rally as weather risks rattle markets - AgCanada](https://feedsoft.ai/events/12140-u-s-grains-wheat-futures-rally-as-weather-risks-rattle-markets-agcanada.md) | +11.1% | +13.8% |
| KWHEAT | 2018-05-29 | [Wheat prices are rising because of the hot and dry weather](https://feedsoft.ai/events/65065-wheat-prices-are-rising-because-of-the-hot-and-dry-weather.md) | -7.5% | -16.7% |
| KWHEAT | 2018-04-27 | [Farming News - Weather impacting on the Wheat Markets](https://feedsoft.ai/events/11223-farming-news-weather-impacting-on-the-wheat-markets.md) | +9.1% | +9.4% |
| KWHEAT | 2025-03-18 | [CBOT wheat prices rise amid moisture shortage in the Black Sea region](https://feedsoft.ai/events/5627-cbot-wheat-prices-rise-amid-moisture-shortage-in-the-black-sea-region.md) | -4.5% | -8.3% |
| WHEAT | 2021-07-29 | [Black Sea wheat price surges as dry weather slashes crop outlooks - Fastmarkets](https://feedsoft.ai/events/46099-black-sea-wheat-price-surges-as-dry-weather-slashes-crop-outlooks-fastmarkets.md) | +2.2% | +2.5% |
| WHEAT | 2024-05-29 | [‘Weather market’ resumes role as price driver \| The Western Producer](https://feedsoft.ai/events/30283-weather-market-resumes-role-as-price-driver-the-western-producer.md) | -5.3% | -11.3% |
| WHEAT | 2021-04-19 | [Black Sea wheat higher; Russia-Ukraine tensions remain on the agenda \| The Sizov Report blog](https://feedsoft.ai/events/47482-black-sea-wheat-higher-russia-ukraine-tensions-remain-on-the-agenda-the-sizov.md) | +4.9% | +6.1% |

## Sources

- agriculture.com: https://www.agriculture.com/markets/analysis/wheat-market-stabilizes-as-the-black-sea-weather-remains-dry

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