# Wheat Futures Fall to 2017 Low on Oversupply Concerns | Fox Business

> Wheat futures fell to their lowest level of 2017 after oversupply concerns mounted. March CBOT wheat dropped 1.3% to $4.13.5 per bushel, with record Russian exports taking sales from other exporters, and funds held a large net short position.

- Date: 2017-12-11 · published 2017-12-11T12:00:00.000Z
- Category: market · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/10331-wheat-futures-fall-to-2017-low-on-oversupply-concerns-fox-business
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Record Black Sea exports and heavy fund shorting keep pressure on U.S. wheat prices, though a large short position raises the chance of a sharp rebound.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2017-12-11 | 1 | -3.0% | -3.1 | Wheat fell to its 2017 low on 2017-12-11 on oversupply concerns, record Russian exports taking market share and a large fund net short, which directly describes the move. |

## Sources

- foxbusiness.com: https://www.foxbusiness.com/features/wheat-futures-fall-to-2017-low-on-oversupply-concerns

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