# Wheat prices fell for the week, but traders are worried about a possible reduction in production next season

> Wheat futures fell the week of February 13-17, 2023, with Chicago SRW down about 5.5% on Tuesday after losing the prior week's rally on US frost forecasts. US wheat export sales dropped 27% in the February 10-16 week, and India announced additional wheat sales from state reserves.

- Date: 2023-02-22 · published 2023-02-22T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/37371-wheat-prices-fell-for-the-week-but-traders-are-worried-about-a-possible
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Weak US export demand and Indian reserve sales add supply to the market, pressuring wheat prices. Traders remain focused on possible 2023/24 output cuts in Australia and the Black Sea.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/wheat-prices-fell-for-the-week-but-traders-are-worried-about-a-possible-reduction-in-production-next-season/

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