# Canada Know-Risk Market Outlook | Export Prices Drag Down Wheat

> Russia is trying to hold a $270/MT export price, but Egypt bought Romanian and Bulgarian wheat at $255, while Ukrainian offers are at $239. Minneapolis, Kansas City and Chicago wheat fell as crude oil rallied.

- Date: 2023-09-27 · published 2023-09-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/34153-canada-know-risk-market-outlook-export-prices-drag-down-wheat
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Competing low offers from Europe and Ukraine push world wheat prices down, while crude strength supports soy oil and corn through biofuel links.

## Read by commodity

- WTI: bullish ▲
- WHEAT: bearish ▼

## Sources

- stonex.com: https://www.stonex.com/en-us/insights/canada-know-risk-market-outlook-export-prices-drag-down-wheat/

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