# Grains Pushed Lower by Higher February WASDE Numbers | CZ app

> Grain futures fell for another week after the February WASDE confirmed ample global supplies, with the market already expecting negative numbers. Prices kept sliding after the report, and attention is turning to South American weather and a large speculative net short position.

- Date: 2024-02-13 · published 2024-02-13T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/31633-grains-pushed-lower-by-higher-february-wasde-numbers-cz-app
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Ample global supply keeps grain prices under pressure, though a short-covering rally could occur if South American production falls.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/grains-pushed-lower-by-higher-february-wasde-numbers/

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