# World Wheat Prices Experience Significant Decline - Commodity Board Europe is an independent commodity market intelligence platform providing global production data, price insights and market analysis for agricultural and food commodities.

> Wheat fell 4 to 6 cents in winter contracts on February 1 ahead of USDA export sales, with March SRW down 11 cents on the week. Argentina's 2023/24 wheat harvest finished at 15.1 million tonnes, and USDA's attaché raised Ukraine's 2023/24 wheat export forecast to 17.7 million tonnes.

- Date: 2024-02-19 · published 2024-02-19T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/31707-world-wheat-prices-experience-significant-decline-commodity-board-europe-is-an
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Larger Ukrainian export forecasts and a recovering Argentine crop add supply to export markets, pressuring wheat prices.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- commodity-board.com: https://commodity-board.com/world-wheat-prices-experience-significant-decline/

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