# Daily Market Wire 1 August 2023 - Grain Central

> Wheat prices fell after Ukraine said it would keep exporting grain through Danube ports, which can handle 8-10 million tonnes in the new season. US winter wheat harvest was 56% complete and spring wheat conditions improved, while US wheat exports fell 65% week on week.

- Date: 2023-07-31 · published 2023-07-31T12:00:00.000Z
- Category: market · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/35086-daily-market-wire-1-august-2023-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Alternative Danube routes and faster US harvest progress reduce the supply risk from the Black Sea grain deal collapse, pressuring wheat prices lower. Feed buyers face less near-term upside in wheat as a feed substitute.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2023-08-03 | 5 | -12.1% | -3.0 | Ukraine saying it would keep exporting via Danube ports, along with improved spring wheat conditions and weak US exports, eased war-risk premium and pushed prices down in the days before Aug 3. |

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-1-august-2023/

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