# Black Sea wheat price converted to Oklahoma and Texas: $3.49

> Russia and Ukraine sold 10.8 million bushels of 12.5% protein wheat to Egypt on August 15 at an average FOB price of $202.18 per tonne. The analysis converts that price into a competitive Oklahoma and Texas wheat price of about $3.49 per bushel. Black Sea supply may already have saturated the market for hard red wheat.

- Date: 2019-08-22 · published 2019-08-22T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/57458-black-sea-wheat-price-converted-to-oklahoma-and-texas-3-49
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Low-priced Black Sea wheat caps US hard red winter export competitiveness and pressures Kansas City wheat basis and cash prices in the Plains.

## Read by commodity

- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2022-11-09 | [Wheat prices continue to fall amid USDA report and cancellation of tender in Egypt](https://feedsoft.ai/events/38715-wheat-prices-continue-to-fall-amid-usda-report-and-cancellation-of-tender-in.md) | +1.8% | -8.6% |
| KWHEAT | 2019-12-05 | [After a speculative jump in wheat prices continue to decline](https://feedsoft.ai/events/11056-after-a-speculative-jump-in-wheat-prices-continue-to-decline.md) | -2.3% | +11.7% |
| KWHEAT | 2019-02-21 | [Tender in Egypt has further reduced the price of wheat](https://feedsoft.ai/events/6778-tender-in-egypt-has-further-reduced-the-price-of-wheat.md) | -2.5% | -1.3% |
| KWHEAT | 2022-12-29 | [Favorable weather for winter wheat in the USA, Europe and the Black Sea region is putting pressure on quotations](https://feedsoft.ai/events/38268-favorable-weather-for-winter-wheat-in-the-usa-europe-and-the-black-sea-region.md) | -4.8% | -1.5% |
| KWHEAT | 2023-09-25 | [Terrain \| Cheap Russian Wheat Puts Lid on U.S. Wheat Prices](https://feedsoft.ai/events/34145-terrain-cheap-russian-wheat-puts-lid-on-u-s-wheat-prices.md) | -6.7% | -5.8% |

## Sources

- farmprogress.com: https://www.farmprogress.com/wheat/black-sea-wheat-price-converted-to-oklahoma-and-texas-3-49

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