# Prairie cash wheat: durum soars as red spring falls back - Grainews

> Durum prices rose sharply across Western Canada in the week ended July 27 while spring wheat fell modestly. Steep early-week gains followed Russian attacks on Ukrainian Black Sea and Danube ports but were erased by Wednesday as war concerns eased, and easing drought in the Prairies and US Plains added pressure.

- Date: 2023-07-28 · published 2023-07-28T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/35080-prairie-cash-wheat-durum-soars-as-red-spring-falls-back-grainews
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Wheat prices are whipsawing on Black Sea headlines, but fading drought and reduced concern about supply losses are capping the rally. Feed buyers should expect volatile but not structurally higher wheat prices.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2023-08-03 | 5 | -12.1% | -3.0 | Early-week gains from Black Sea port attacks were erased as war concerns eased and drought lessened in the Plains, adding downward pressure on prices. |

## Sources

- grainews.ca: https://www.grainews.ca/daily/prairie-cash-wheat-durum-soars-as-red-spring-falls-back/

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