# Wheat eases after rally, soybeans slip - Markets - Business Recorder

> Chicago wheat futures fell on Friday after an export-fuelled rally, with March wheat down 1% at $5.92 a bushel. USDA reported weekly sales of 22,800 tonnes, and China bought a net 197,310 tonnes. Russian supply and the Ukrainian shipping corridor kept a cap on prices.

- Date: 2023-12-01 · published 2023-12-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/32751-wheat-eases-after-rally-soybeans-slip-markets-business-recorder
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Cheap Russian and Black Sea supply limits how far U.S. wheat can rally on export demand. Traders see weekly export data as a short-term support.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40276241

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