# September wheat futures for the week fell by 3-11% and are trading 30-51% lower than last year

> World wheat futures fell to record lows as weak export demand from importers with good harvests persisted, and September futures were down 30-51% year on year. US wheat exports rose 44% in the week of August 16-22 and were 27.7% above last year's pace, while the EU, Ukraine and Russia all cut production forecasts.

- Date: 2024-08-27 · published 2024-08-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/28849-september-wheat-futures-for-the-week-fell-by-3-11-and-are-trading-30-51-lower
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Heavy price pressure from ample supply outweighs smaller crop estimates in the EU and Black Sea, so feed wheat remains a cheap alternative to corn in rations.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/september-wheat-futures-for-the-week-fell-by-3-11-and-are-trading-30-51-lower-than-last-year/

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