# New bullish news needed | Farm Weekly | WA

> International wheat futures rose early in the week of April 17 on poor US winter wheat conditions, Russia blocking Ukrainian vessel inspections and some EU states halting Ukrainian imports, then fell later on good EU crop conditions and EU approval of Ukrainian grain transit. Speculators hold a large net short position in CBOT wheat.

- Date: 2023-04-26 · published 2023-04-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/36458-new-bullish-news-needed-farm-weekly-wa
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

With funds heavily short and no new bullish catalyst, prices remain vulnerable to further declines until spring weather or geopolitical news adds support.

## Read by commodity

- WHEAT: neutral
- KWHEAT: neutral

## Sources

- farmweekly.com.au: https://www.farmweekly.com.au/story/8171995/factors-that-move-the-grain-markets/

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