# Wheat prices continue to fall amid improving US crop conditions

> Wheat futures fell sharply in the week to November 27, with Chicago SRW down 3.1% and Kansas City HRW down 4.8%, after improved US winter wheat conditions (50% good or excellent) and snow cover. French planting was delayed by rain, and a planned loading of French wheat bought by China was pushed to 2024.

- Date: 2023-11-28 · published 2023-11-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/33219-wheat-prices-continue-to-fall-amid-improving-us-crop-conditions
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Improving US crop ratings and weak export pace point to ample supply and lower wheat prices, while delayed French planting and postponed Chinese shipments are modest offsets.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2023-12-04 | 5 | +11.2% | 2.9 | KC HRW fell 4.8% in the week to Nov 27 on improved US winter wheat conditions and snow cover, a supply-side driver of the price swing just before the window ended. |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/wheat-prices-continue-to-fall-amid-improving-us-crop-conditions/

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