# Tight grain, oilseed supplies to keep prices elevated - BusinessWorld Online

> Reuters reports that drought, excess rain, the war in Ukraine and high energy costs are expected to curb global farm output again in 2023. Rice and wheat stocks are unlikely to rebuild in the first half of 2023, and weather hit crops for edible oils in Latin America and Southeast Asia.

- Date: 2022-12-18 · published 2022-12-18T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8467-tight-grain-oilseed-supplies-to-keep-prices-elevated-businessworld-online
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Tight grain and oilseed supplies point to elevated prices for feed grains and oilseed products into 2023. Weather-driven shortfalls in vegetable oil crops add support to protein and oil feed prices.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-01-29 | [Drought, low prices to drop Mexico’s grain production  \| World Grain](https://feedsoft.ai/events/26570-drought-low-prices-to-drop-mexico-s-grain-production-world-grain.md) | +0.6% | +1.4% |
| WHEAT | 2019-06-17 | [North braces for ongoing tight grain supplies  \| Queensland Country Life \| QLD](https://feedsoft.ai/events/58546-north-braces-for-ongoing-tight-grain-supplies-queensland-country-life-qld.md) | -6.1% | -8.7% |
| WHEAT | 2019-01-28 | [Global grain prices on the move \| Farm Online \| ACT](https://feedsoft.ai/events/61168-global-grain-prices-on-the-move-farm-online-act.md) | +0.1% | -2.8% |
| WHEAT | 2021-03-11 | [Northern Ireland Grain Trade Association - TIGHT SUPPLY DRIVES UP FEED AND FERTILISER PRICES](https://feedsoft.ai/events/48430-northern-ireland-grain-trade-association-tight-supply-drives-up-feed-and.md) | -0.4% | -0.1% |
| WHEAT | 2020-12-03 | [Strong grain prices set to continue until at least mid-2021 \| Farm Online \| ACT](https://feedsoft.ai/events/5273-strong-grain-prices-set-to-continue-until-at-least-mid-2021-farm-online-act.md) | +9.8% | +9.8% |
| CORN | 2019-04-26 | [El Niño crop damage climbs to P7.96 billion - BusinessWorld Online](https://feedsoft.ai/events/59514-el-nino-crop-damage-climbs-to-p7-96-billion-businessworld-online.md) | +0.6% | +5.3% |
| CORN | 2025-01-29 | [Drought, low prices to drop Mexico’s grain production  \| World Grain](https://feedsoft.ai/events/26570-drought-low-prices-to-drop-mexico-s-grain-production-world-grain.md) | +1.0% | -1.0% |
| CORN | 2026-07-25 | [El Nino worsens plight of Asia's rice belt after war price shock - The Business Times](https://feedsoft.ai/events/18248-el-nino-worsens-plight-of-asia-s-rice-belt-after-war-price-shock-the-business.md) | -4.8% | +0.5% |

## Sources

- bworldonline.com: https://bworldonline.com/agribusiness/2022/12/19/493685/tight-grain-oilseed-supplies-to-keep-prices-elevated/

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