# Wheat wilts in the face of harvest selling pressure | Stock Journal | SA

> Global wheat futures are in a confirmed downtrend since early October highs, supported by the Ukraine export corridor that has moved about 10 million tonnes and a Russian crop forecast above 95 million tonnes. Harvest selling pressure is expected as Australian and other headers roll.

- Date: 2022-12-02 · published 2022-12-02T12:00:00.000Z
- Category: trade · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/6646-wheat-wilts-in-the-face-of-harvest-selling-pressure-stock-journal-sa
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Record Russian production and competitive FOB offers cap wheat prices, while harvest pressure and reduced trade concerns add further downside risk.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2022-12-05 | 5 | -13.1% | -3.0 | Confirmed downtrend backed by the Ukraine export corridor, a large Russian crop and harvest selling pressure supplied the bearish supply backdrop. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 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) | -0.5% | -6.9% |
| WHEAT | 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) | -3.2% | +0.7% |
| WHEAT | 2018-01-11 | [Dust settles on the wheat harvest, focus switches to demand - Grain Central](https://feedsoft.ai/events/66947-dust-settles-on-the-wheat-harvest-focus-switches-to-demand-grain-central.md) | -0.4% | +6.0% |
| WHEAT | 2021-11-30 | [The collapse of world prices for wheat and corn has increased pressure on purchase prices in Ukraine 30.11.2021 - UkrAgroConsult](https://feedsoft.ai/events/11601-the-collapse-of-world-prices-for-wheat-and-corn-has-increased-pressure-on.md) | -1.0% | -3.4% |
| WHEAT | 2025-09-26 | [Soybeans edge higher on short covering, corn and wheat dip on harvest progress and global supply pressure - Brownfield Ag News](https://feedsoft.ai/events/22931-soybeans-edge-higher-on-short-covering-corn-and-wheat-dip-on-harvest-progress.md) | -0.9% | +1.6% |
| 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 | 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 | 2021-02-02 | [Record wheat exports from Russia increases pressure on prices](https://feedsoft.ai/events/48490-record-wheat-exports-from-russia-increases-pressure-on-prices.md) | +2.3% | +0.3% |

## Sources

- stockjournal.com.au: https://www.stockjournal.com.au/story/8001544/harvest-price-pressure/

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