# Wheat Down a Nickel into Export Sales Release - IBest Media

> Corn, soybean, wheat and rapeseed prices have fallen strongly since the start of 2024, with rice the exception after gaining nearly 5% on Indian export restrictions. Record US and Brazilian corn harvests and expanded Ukrainian and Russian export supply are cited as the drivers of the decline.

- Date: 2024-02-01 · published 2024-02-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/31708-wheat-down-a-nickel-into-export-sales-release-ibest-media
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Large global supplies keep feed grain prices weak, while India's rice export curbs support rice values for buyers.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- RICE: bullish ▲
- WHEAT: bearish ▼

## Sources

- ibestmedia.com: https://www.ibestmedia.com/post/7119.html

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