# Wheat Sinks on Black Sea Supply; Corn in Brief Rally | CZ app

> Wheat fell more than 4% in Chicago and 2% on Euronext during the week after Black Sea shipments increased. Corn rallied briefly on dry Brazilian weather before selling off as US harvest pace quickened, with US corn 88% harvested.

- Date: 2023-11-21 · published 2023-11-21T12:00:00.000Z
- Category: market · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/33209-wheat-sinks-on-black-sea-supply-corn-in-brief-rally-cz-app
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Heavier Black Sea wheat supply pressures wheat prices lower, while Brazilian dryness offers only temporary support to corn.

## Read by commodity

- CORN: neutral
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/wheat-sinks-on-black-sea-supply-corn-in-brief-rally/

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