# Morning Grains Comments 03/20/24 | Market Reports | feedlotmagazine.com

> Wheat closed higher after reports of higher Russian export prices, though the market still sees big world supplies and low prices. Export sales remain weak against Russian, Ukrainian and EU offers, and Black Sea supply is plentiful. Rice was slightly lower with sideways trends.

- Date: 2024-03-20 · published 2024-03-20T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/31265-morning-grains-comments-03-20-24-market-reports-feedlotmagazine-com
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Plentiful Black Sea supply and weak export demand cap wheat prices, and any Russian price gains are unlikely to change the broader bearish balance.

## Read by commodity

- RICE: neutral
- WHEAT: neutral

## Sources

- feedlotmagazine.com: https://www.feedlotmagazine.com/market_reports/morning-grains-comments-03-20-24/article_cc967cb2-e6d7-11ee-82fc-abeb8546b9f4.html

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