# Wheat futures flat as Russian supply bonanza caps gains

> Chicago wheat futures traded flat near 33-month lows after Canada's production forecast was raised by less than expected. Ample Russian supply capped gains, with CBOT most-active wheat at $5.94-1/2 a bushel.

- Date: 2023-09-15 · published 2023-09-15T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/34140-wheat-futures-flat-as-russian-supply-bonanza-caps-gains
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Record Russian export volumes cap wheat rallies, keeping US wheat prices near multi-year lows and weighing on feed grain substitution economics.

## Read by commodity

- CORN: neutral
- WHEAT: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/markets/commodities/wheat-futures-flat-as-russian-supply-bonanza-caps-gains-idUSL1N3AR0Y7/

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