# CBOT wheat falls on export demand woes - Markets - Business Recorder

> CBOT wheat futures fell on Friday, pressured by dollar strength and global supplies, with December SRW down 10 cents to $6.21-3/4. Soybeans rose as extreme heat likely eroded US Midwest crops, and the US said it sees viable routes to export Ukrainian grain after Russia exited the grain deal.

- Date: 2023-08-26 · published 2023-08-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34618-cbot-wheat-falls-on-export-demand-woes-markets-business-recorder
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Wheat prices are pressured by ample global supply and a firmer dollar, while soybean and soymeal strength reflects heat-related crop concerns that support feed protein costs.

## Read by commodity

- DXY: bullish ▲
- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40259984

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