# Expansive Global Supply Outlook Helps Push Wheat Prices Lower

> Wheat prices hit a four-year low of $5.20 per bushel in late July, and an article reviews the supply outlook showing growing abundance across major exporters for 2024 and 2025. Ukrainian exports have risen through alternative Black Sea routes.

- Date: 2024-08-28 · published 2024-08-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/28809-expansive-global-supply-outlook-helps-push-wheat-prices-lower
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Ample global supply and rising Ukrainian shipments keep downward pressure on wheat export prices, which lowers feed wheat costs for buyers.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- internationalbanker.com: https://internationalbanker.com/brokerage/expansive-global-supply-outlook-helps-push-wheat-prices-lower/

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