# In the black: Asian flour mills turn to Black Sea region for wheat

> Asian flour millers have booked up to 1 million tonnes of new-crop Black Sea wheat for August shipment, according to traders. The buying is driven by a wider price spread against Australian wheat as Australia faces a second drought year.

- Date: 2018-05-23 · published 2018-05-23T12:00:00.000Z
- Category: trade · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/64881-in-the-black-asian-flour-mills-turn-to-black-sea-region-for-wheat
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Stronger Asian demand for Black Sea wheat tightens export supply and supports world wheat prices, while Australian supply concerns add upward pressure.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-10-26 | [Russian wheat hits a new high on China’s imports and poor outlook for corn crop in the Black Sea - The Sizov Report blog](https://feedsoft.ai/events/50512-russian-wheat-hits-a-new-high-on-china-s-imports-and-poor-outlook-for-corn-crop.md) | -0.9% | -5.0% |
| WHEAT | 2018-07-10 | [Global trade war to be a boon for Black Sea grain](https://feedsoft.ai/events/63884-global-trade-war-to-be-a-boon-for-black-sea-grain.md) | +2.2% | +8.4% |
| WHEAT | 2017-07-20 | [Asian millers caught by wheat rally \| The Western Producer](https://feedsoft.ai/events/69999-asian-millers-caught-by-wheat-rally-the-western-producer.md) | -2.7% | +0.0% |
| WHEAT | 2020-09-15 | [Strong demand from buyers strengthens the price for black sea wheat](https://feedsoft.ai/events/51154-strong-demand-from-buyers-strengthens-the-price-for-black-sea-wheat.md) | -0.8% | +7.8% |
| WHEAT | 2026-08-15 | [Asia is shifting its grain purchases away from the Black Sea region towards other suppliers](https://feedsoft.ai/events/18114-asia-is-shifting-its-grain-purchases-away-from-the-black-sea-region-towards.md) | +5.5% | +9.2% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/05/23/reuters-america-in-the-black-asian-flour-mills-turn-to-black-sea-region-for-wheat.html

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