# Insight: Wheat prices soar on Ukraine fears, but U.S. growers can't cash in | Reuters

> U.S. wheat farmer sales have stalled during the Ukraine war as the price spike has spooked buyers. Futures jumped so far that some grain handlers cannot hedge their losses. Rising fertilizer costs may also hurt the coming wheat crop.

- Date: 2022-03-21 · published 2022-03-21T12:00:00.000Z
- Category: geopolitics · region US · magnitude medium
- Page: https://feedsoft.ai/events/6240-insight-wheat-prices-soar-on-ukraine-fears-but-u-s-growers-can-t-cash-in-reuters
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Stalled farmer selling tightens near-term physical wheat supply for buyers, supporting prices, while higher fertilizer costs raise the expense of future production.

## Read by commodity

- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2022-03-21 | 1 | +11.5% | 5.3 | Describes the price spike with futures jumping so far that handlers cannot hedge, indicating volatility and short-covering pressure around 21 March. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-07-20 | [Wheat prices soar as Russia-Ukraine tensions stoke food crisis fears](https://feedsoft.ai/events/35082-wheat-prices-soar-as-russia-ukraine-tensions-stoke-food-crisis-fears.md) | -0.7% | -1.3% |
| WHEAT | 2022-02-23 | [Winter Wheat Prices Touch 9-Year High on Russia, Ukraine Fears - Bloomberg](https://feedsoft.ai/events/42748-winter-wheat-prices-touch-9-year-high-on-russia-ukraine-fears-bloomberg.md) | +6.4% | +26.3% |
| WHEAT | 2022-02-24 | [AgriMarketing.com - Wheat Prices Soar Following Russia's Invasion Of Ukraine](https://feedsoft.ai/events/42753-agrimarketing-com-wheat-prices-soar-following-russia-s-invasion-of-ukraine.md) | +6.8% | +25.3% |
| WHEAT | 2023-12-19 | [Terrain \| Rally in U.S. Wheat Prices Will Depend on Russia](https://feedsoft.ai/events/32745-terrain-rally-in-u-s-wheat-prices-will-depend-on-russia.md) | +0.4% | +1.7% |
| WHEAT | 2026-09-23 | [Wheat buyers brace for higher costs as Russia-Ukraine war drags on \| Reuters](https://feedsoft.ai/events/9691-wheat-buyers-brace-for-higher-costs-as-russia-ukraine-war-drags-on-reuters.md) | -2.7% | -2.8% |

## Sources

- reuters.com: https://www.reuters.com/world/europe/wheat-prices-soar-ukraine-fears-us-growers-cant-cash-2022-03-21/

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