# US wheat futures continue to slide on large stocks | Stock Journal | SA

> US wheat futures fell to new contract lows in late January as large EU and Russian stocks weighed on the market. Managed money has been rebuilding its short position in SRW wheat. Winter wheat conditions in the US entered dormancy better than last year, at 50% good-to-excellent versus 34%.

- Date: 2024-01-26 · published 2024-01-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32185-us-wheat-futures-continue-to-slide-on-large-stocks-stock-journal-sa
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Large EU and Russian supplies and improved US crop conditions point to continued bearish pressure on wheat prices, lowering feed grain costs.

## Read by commodity

- WHEAT: bearish ▼

## Sources

- stockjournal.com.au: https://www.stockjournal.com.au/story/8496846/us-wheat-futures-continue-to-slide-on-large-stocks/

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