# Farming News - EU markets at the mercy of aggressive Black Sea shipping campaigns

> US wheat markets gained slightly on fund short-covering and lower US winter wheat crop ratings. EU prices eased, and Tunisia's recent purchase appears to be of Black Sea origin, with France priced out of the deal.

- Date: 2017-11-24 · published 2017-11-24T12:00:00.000Z
- Category: trade · region EU · magnitude low
- Page: https://feedsoft.ai/events/67921-farming-news-eu-markets-at-the-mercy-of-aggressive-black-sea-shipping-campaigns
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Aggressive Black Sea pricing is capturing export business from EU origins, which pressures European wheat values, while US crop-condition support limits downside in US wheat.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-11-02 | [Russian Wheat Pushes Growth of Black Sea Dry Bulk Exports \| Dry bulk shipping news \| Shipping Telegraph](https://feedsoft.ai/events/14348-russian-wheat-pushes-growth-of-black-sea-dry-bulk-exports-dry-bulk-shipping.md) | -1.1% | -0.5% |
| WHEAT | 2018-06-24 | [Trade wars leave farming as a casualty - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/64502-trade-wars-leave-farming-as-a-casualty-agweek-1-source-for-agriculture-news.md) | -0.0% | -0.6% |
| WHEAT | 2019-02-24 | [A harsh realization that US wheat is too expensive - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/6776-a-harsh-realization-that-us-wheat-is-too-expensive-agweek-1-source-for.md) | -3.6% | +0.5% |
| WHEAT | 2019-01-04 | [Farming News - Weekly Wheat Market Update](https://feedsoft.ai/events/61174-farming-news-weekly-wheat-market-update.md) | +0.2% | +3.1% |
| WHEAT | 2020-03-03 | [Black Sea region increased its share of the global grain market — S&P Global Platts](https://feedsoft.ai/events/53984-black-sea-region-increased-its-share-of-the-global-grain-market-s-and-p-global.md) | +6.1% | -1.7% |
| KWHEAT | 2019-11-17 | [Markets follow 'buy the rumor, sell the fact' rule - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/11889-markets-follow-buy-the-rumor-sell-the-fact-rule-agweek-1-source-for-agriculture.md) | +1.7% | +10.8% |
| KWHEAT | 2019-03-24 | [Grains trending off lows; China talks dragging on - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/9647-grains-trending-off-lows-china-talks-dragging-on-agweek-1-source-for.md) | -3.4% | -7.5% |
| KWHEAT | 2017-05-21 | [Political turmoil affects markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/10224-political-turmoil-affects-markets-agweek-1-source-for-agriculture-news-farming.md) | -0.1% | +7.9% |

## Sources

- farming.co.uk: https://farming.co.uk/news/eu-markets-at-the-mercy-of-aggressive-black-sea-shipping-campaigns

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