# Dip in dry bulk grain prices attracts buyers | Dry Bulk

> Chicago wheat prices fell to a low on Cyber Monday, then rebounded more than 10% as Chinese buyers took advantage. USDA announced Chinese purchases of 1.0 million tonnes of U.S. SRW, the largest since 2020. European wheat has barely moved in dollar terms, and Egypt bought 600,000 tonnes of Black Sea wheat.

- Date: 2023-12-08 · published 2023-12-08T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/32753-dip-in-dry-bulk-grain-prices-attracts-buyers-dry-bulk
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Chinese SRW demand lifted Chicago prices, but EU wheat remains weak in export business. Price gains are concentrated in US SRW rather than across world wheat.

## Read by commodity

- CORN: neutral
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-03-12 | [Feed grains weekly: Prices bump up - Grainews](https://feedsoft.ai/events/20233-feed-grains-weekly-prices-bump-up-grainews.md) | -0.2% | -2.1% |
| WHEAT | 2021-01-21 | [Strong barley prices will continue in 2021 - Grainews](https://feedsoft.ai/events/49218-strong-barley-prices-will-continue-in-2021-grainews.md) | +4.0% | +2.4% |
| WHEAT | 2024-08-07 | [Grain Seaborne Trade Impact on the Dry Bulk Freight Market — Breakwave Advisors](https://feedsoft.ai/events/17013-grain-seaborne-trade-impact-on-the-dry-bulk-freight-market-breakwave-advisors.md) | +0.1% | -3.5% |
| WHEAT | 2021-02-27 | [Grain price trends and surplus of grain hoppers](https://feedsoft.ai/events/48491-grain-price-trends-and-surplus-of-grain-hoppers.md) | +1.8% | -0.5% |
| WHEAT | 2021-04-30 | [High grain prices alter feeding, trade patterns \| Feed Strategy](https://feedsoft.ai/events/47677-high-grain-prices-alter-feeding-trade-patterns-feed-strategy.md) | -5.5% | -5.0% |
| CORN | 2024-02-07 | [Dismal grain exports not helping prices – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/7202-dismal-grain-exports-not-helping-prices-ohio-ag-net-ohio-s-country-journal.md) | -1.1% | +0.3% |
| CORN | 2017-12-20 | [Ohio grain farmers talk trade and farm bill - Farm and Dairy](https://feedsoft.ai/events/67464-ohio-grain-farmers-talk-trade-and-farm-bill-farm-and-dairy.md) | +0.9% | +1.6% |
| CORN | 2025-12-01 | [Rising Barley Prices in Ukraine: Supply and Demand Dynamics](https://feedsoft.ai/events/12534-rising-barley-prices-in-ukraine-supply-and-demand-dynamics.md) | +0.3% | +0.3% |

## Sources

- drybulkmagazine.com: https://www.drybulkmagazine.com/dry-bulk/08122023/dip-in-dry-bulk-grain-prices-attracts-buyers/

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