# Wheat Set for Longest Run of Quarterly Declines in 14 Years - Bloomberg

> Wheat is headed for its worst run of quarterly losses in 14 years. Plentiful supplies have kept prices capped since Moscow exited the Ukraine safe-passage deal in July, and Russia recorded a bumper crop.

- Date: 2023-09-29 · published 2023-09-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/34147-wheat-set-for-longest-run-of-quarterly-declines-in-14-years-bloomberg
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Large Russian and global supplies keep wheat prices under pressure, which weighs on feed wheat costs for buyers.

## Read by commodity

- WHEAT: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-09-29/wheat-set-for-worst-quarterly-run-in-14-years-on-ample-supply

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