# Market report − 25 September 2023 | AHDB

> The AHDB weekly report says competitive Black Sea wheat supplies weighed on global wheat prices, with dry weather in Australia and Argentina limiting losses. Algeria booked about 600 Kt and Egypt about 120 Kt, with Russian offers at a single price. The report also notes large maize supplies, with more US harvest pressure expected.

- Date: 2023-09-25 · published 2023-09-25T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/34226-market-report-25-september-2023-ahdb
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Cheap Black Sea wheat competes directly with corn in feed rations, which caps feed grain prices. Large maize supplies add bearish pressure on feed wheat and barley.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/market-report-25-september-2023

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