# EU 2023/24 grain outlook: Grain market daily | AHDB

> UK feed wheat futures for May-23 closed at £242.00/t, down £3.00/t, and Chicago soybean futures fell about $3.86/t. Markets weakened on US interest rate concerns, with losses limited by worries over the Ukrainian grain export corridor. Brazil's soybean harvest was 17% complete.

- Date: 2023-02-16 · published 2023-02-16T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/37269-eu-2023-24-grain-outlook-grain-market-daily-ahdb
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Routine price moves with no new supply shock; the sell-off reflects macro rate fears and the ongoing Brazilian harvest, which points to softer soybean and wheat prices in the near term.

## Read by commodity

- SOY: bearish ▼
- WHEAT: bearish ▼

## Sources

- mainsitelive.azurewebsites.net: https://mainsitelive.azurewebsites.net/news/eu-2023-24-grain-outlook-grain-market-daily

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