# CBOT nearby SRW wheat futures set contract lows on rain forecasts

> CBOT nearby soft red winter wheat futures hit contract lows on Thursday, with May SRW settling at $5.32 a bushel after touching $5.26-1/2. Pressure came from rain forecasts for U.S. and Russian wheat areas and an apparent Black Sea ceasefire agreement, while U.S. export sales of 100,300 MT were at the low end of expectations.

- Date: 2025-03-27 · published 2025-03-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/25619-cbot-nearby-srw-wheat-futures-set-contract-lows-on-rain-forecasts
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Expected rainfall eases drought concerns and a Black Sea truce could lower freight and boost Russian export competitiveness, both bearish for wheat prices. Traders are also awaiting clarity on U.S. tariffs.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- tradingview.com: https://www.tradingview.com/news/reuters.com,2025:newsml_L2N3QA147:0-cbot-nearby-srw-wheat-futures-set-contract-lows-on-rain-forecasts/

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