# Stock market quotations for wheat during the week collapsed by 6-10%

> Wheat futures fell 6-10% over the week of February 20-24, 2023, with Chicago SRW down about 7.8% and Kansas City HRW down about 10%. Pressure came from forecasts of a larger US wheat crop, uncertainty over extending the Black Sea grain corridor, and lower export prices amid competition from Russia.

- Date: 2023-02-28 · published 2023-02-28T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/37369-stock-market-quotations-for-wheat-during-the-week-collapsed-by-6-10
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A larger expected US crop and cheaper Russian supply weigh on wheat values, which lowers the cost of wheat-based feed ingredients for buyers. Continued uncertainty over the Black Sea deal could still produce sharp swings.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/stock-market-quotations-for-wheat-during-the-week-collapsed-by-6-10/

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