# Biggest Wheat Importer May Turn to Hedging After Price Spike - Bloomberg

> Egypt, the world's largest wheat importer, is discussing a plan to hedge against rising wheat import prices. The country is paying more after severe droughts in Europe and Australia damaged crops, with Chicago futures hitting a three-year high earlier in the year.

- Date: 2018-09-04 · published 2018-09-04T12:00:00.000Z
- Category: weather · region Egypt · magnitude low
- Page: https://feedsoft.ai/events/6995-biggest-wheat-importer-may-turn-to-hedging-after-price-spike-bloomberg
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Drought losses in Europe and Australia keep import costs high, and state hedging by a major buyer could add to demand for wheat price protection rather than directly changing physical buying.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-05-12 | [Wheat Prices Spike as US Sees War, Adverse Weather Hurting Crops - Bloomberg](https://feedsoft.ai/events/41431-wheat-prices-spike-as-us-sees-war-adverse-weather-hurting-crops-bloomberg.md) | +5.9% | +0.7% |
| WHEAT | 2017-06-29 | [Spring Wheat Surges the Most Since 2010 - Bloomberg](https://feedsoft.ai/events/6177-spring-wheat-surges-the-most-since-2010-bloomberg.md) | +2.3% | -2.9% |
| WHEAT | 2017-07-06 | [Food Prices Near 2-Year High Thanks to a Record Surge in Butter and Wheat - Bloomberg](https://feedsoft.ai/events/6181-food-prices-near-2-year-high-thanks-to-a-record-surge-in-butter-and-wheat.md) | -1.4% | +0.3% |
| WHEAT | 2026-07-23 | [Heat Worries US Wheat Farmers Just as Crop Prices Surge - Bloomberg](https://feedsoft.ai/events/18406-heat-worries-us-wheat-farmers-just-as-crop-prices-surge-bloomberg.md) | -2.5% | +2.2% |
| WHEAT | 2020-10-20 | [Wheat’s Drought Battle and Surging Demand: Why Prices Are Flying - Bloomberg](https://feedsoft.ai/events/50682-wheat-s-drought-battle-and-surging-demand-why-prices-are-flying-bloomberg.md) | +0.0% | -4.6% |
| KWHEAT | 2022-05-12 | [Wheat Prices Spike as US Sees War, Adverse Weather Hurting Crops - Bloomberg](https://feedsoft.ai/events/41431-wheat-prices-spike-as-us-sees-war-adverse-weather-hurting-crops-bloomberg.md) | +11.7% | -2.7% |
| KWHEAT | 2020-10-20 | [Wheat’s Drought Battle and Surging Demand: Why Prices Are Flying - Bloomberg](https://feedsoft.ai/events/50682-wheat-s-drought-battle-and-surging-demand-why-prices-are-flying-bloomberg.md) | -2.0% | -0.9% |
| KWHEAT | 2017-05-01 | [Wheat Futures Surge After U.S. Crop Pummeled by Snowstorm - Bloomberg](https://feedsoft.ai/events/6135-wheat-futures-surge-after-u-s-crop-pummeled-by-snowstorm-bloomberg.md) | +3.1% | +3.0% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2018-09-04/biggest-wheat-importer-may-turn-to-hedging-after-price-spike

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