# World Wheat Prices Hover Lower with Bullish Factors Lurking

> World wheat prices have trended lower since January 2023, down about $77/MT on average, driven by record Russian exports and ample Russian supplies. USDA projects global wheat use to decline for the first time since 2018/19.

- Date: 2023-10-25 · published 2023-10-25T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/33647-world-wheat-prices-hover-lower-with-bullish-factors-lurking
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Heavy Russian export supply keeps the world price floor low, so feed-grade wheat remains cheap relative to corn, though analysts flag bullish factors that could lift prices.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- uswheat.org: https://uswheat.org/wheatletter/world-wheat-prices-hover-at-lower-levels-with-bullish-factors-lurking/

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