# Wheat quotations for the week increased by 1.4-2.3% amid lower crop forecasts in the EU

> World wheat quotations rose 1.4-2.3% over the week after funds bought futures and Refinitiv cut its EU soft wheat forecast by 1.3 million tons to 123.2 million. Chicago SRW futures nonetheless fell 1.7% on the day and Russian 12.5% protein wheat slid to its lowest since September 2020.

- Date: 2024-02-26 · published 2024-02-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/31605-wheat-quotations-for-the-week-increased-by-1-4-2-3-amid-lower-crop-forecasts-in
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Lower EU crop estimates support prices, but heavy global stocks and Russian export pricing cap gains, leaving the wheat complex under pressure for feed buyers.

## Read by commodity

- WHEAT: neutral
- KWHEAT: neutral

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/wheat-quotations-for-the-week-increased-by-1-4-2-3-amid-lower-crop-forecasts-in-the-eu/

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