# U.S. wheat prices rise 2% after long decline

> Chicago, Kansas City and Minneapolis wheat futures rose about 2% on January 30, 2024, after a long decline. USDA data showed improved winter wheat conditions in several states, while US wheat exports in the week to January 25 fell 19% week on week.

- Date: 2024-01-31 · published 2024-01-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32168-u-s-wheat-prices-rise-2-after-long-decline
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Improved US crop ratings weigh on supply risk, but weak export pace and ample global supply limit upside. The rebound looks speculative, so wheat prices may stay range-bound near multi-year lows.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/u-s-wheat-prices-rise-2-after-long-decline/

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