# CBOT weekly outlook: Demand, not interest rates, affecting markets - Grainews

> CBOT corn and wheat declined over the week ended November 1 as the Federal Reserve held rates at 5.25-5.5%. US wheat exports reported at 7.114 million tonnes lagged the prior year's 9.65 million as Russian wheat undercut US supplies.

- Date: 2023-11-01 · published 2023-11-01T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/33212-cbot-weekly-outlook-demand-not-interest-rates-affecting-markets-grainews
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Weak US export demand versus cheaper Black Sea wheat keeps pressure on US wheat prices, while the Fed hold was largely expected and had little price effect.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-10-20 | [Feed weekly outlook: Corn imports pressure grain prices in Lethbridge - Grainews](https://feedsoft.ai/events/39218-feed-weekly-outlook-corn-imports-pressure-grain-prices-in-lethbridge-grainews.md) | -0.2% | +2.0% |
| WHEAT | 2019-05-16 | [Feed weekly outlook: Feed grain prices flagging - Manitoba Co-operator](https://feedsoft.ai/events/5741-feed-weekly-outlook-feed-grain-prices-flagging-manitoba-co-operator.md) | +10.5% | +9.9% |
| WHEAT | 2019-02-21 | [Grain prices fall in a complex market - Farmers Weekly](https://feedsoft.ai/events/6775-grain-prices-fall-in-a-complex-market-farmers-weekly.md) | -3.2% | +0.7% |
| WHEAT | 2019-01-04 | [Farming News - Weekly Wheat Market Update](https://feedsoft.ai/events/61174-farming-news-weekly-wheat-market-update.md) | +0.2% | +3.1% |
| WHEAT | 2023-05-01 | [Grain markets jittery as China cancels maize orders - Farmers Weekly](https://feedsoft.ai/events/35976-grain-markets-jittery-as-china-cancels-maize-orders-farmers-weekly.md) | +1.9% | -2.2% |
| CORN | 2022-10-20 | [Feed weekly outlook: Corn imports pressure grain prices in Lethbridge - Grainews](https://feedsoft.ai/events/39218-feed-weekly-outlook-corn-imports-pressure-grain-prices-in-lethbridge-grainews.md) | -0.2% | -1.1% |
| CORN | 2023-12-01 | [Feed weekly outlook: Corn imports, larger crop prospects pressure barley - Grainews](https://feedsoft.ai/events/32771-feed-weekly-outlook-corn-imports-larger-crop-prospects-pressure-barley-grainews.md) | +2.4% | +3.9% |
| CORN | 2025-03-27 | [Feed Grain Weekly: More barley acres possible despite less demand - Grainews](https://feedsoft.ai/events/25647-feed-grain-weekly-more-barley-acres-possible-despite-less-demand-grainews.md) | +0.3% | +5.2% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/cbot-weekly-outlook-demand-not-interest-rates-affecting-markets/

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