# Northwest analysts: Low wheat prices mean ‘dangerous market’ | Capital Press

> Northwest analysts say US soft white wheat trades at $6.75 to $7 a bushel in Portland, with next year's projected crop insurance price of $7.93 at or below production costs. Egypt's tender drew 45 offers from 15 exporters on August 29.

- Date: 2023-08-31 · published 2023-08-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34624-northwest-analysts-low-wheat-prices-mean-dangerous-market-capital-press
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Weak US wheat prices and limited consumptive demand keep export and feed wheat values under pressure, though strong Egyptian tender interest offers some support.

## Read by commodity

- WHEAT: bearish ▼

## Sources

- capitalpress.com: https://capitalpress.com/2023/08/31/northwest-analysts-low-wheat-prices-mean-dangerous-market/

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