# US Wheat Associates Weekly Price Report, Feb 3rd, 2023 - Oklahoma Farm Report

> Weekly US Wheat Associates report showed March wheat futures little changed, with CBOT SRW up 9 cents to $7.57/bu and KC HRW up 4 cents to $8.73/bu. CBOT corn fell 5 cents to $6.83/bu and soybeans rose 23 cents to $15.32/bu. Basis was mostly steady due to weak export demand, and Kansas HRW good-to-excellent ratings were 21%.

- Date: 2023-02-03 · published 2023-02-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/37386-us-wheat-associates-weekly-price-report-feb-3rd-2023-oklahoma-farm-report
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weak export demand and steady basis signal limited near-term pressure, while poor HRW crop ratings keep a supply risk premium in place.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: neutral
- KWHEAT: neutral

## Sources

- oklahomafarmreport.com: https://www.oklahomafarmreport.com/2023/02/06/us-wheat-associates-weekly-price-report-feb-3rd-2023/

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