# Wheat prices are down after last week’s speculative rally 27.09.2022 - UkrAgroConsult

> Chicago, Kansas City and Paris wheat futures fell 5-6% on Friday and Monday, erasing much of the prior week's rally. Ukrainian wheat exports rose to 1.353 million tonnes in September, twice the July and August pace. Dry weather delayed winter wheat sowing, possibly cutting area by about 25%.

- Date: 2022-09-27 · published 2022-09-27T12:00:00.000Z
- Category: market · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/39634-wheat-prices-are-down-after-last-week-s-speculative-rally-27-09-2022
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Rising Ukrainian shipments and a comfortable 2022/23 balance weigh on prices, while delayed sowing in the US and Europe is a bullish offset.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/wheat-prices-are-down-after-last-weeks-speculative-rally/

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