# CBOT wheat slips as U.S. crop prospects improve - Markets - Business Recorder

> U.S. wheat futures fell as rain and snow across the Plains improved crop prospects. Russia cut its 2020/21 wheat export estimate to 36.3 million tonnes due to an upcoming export tax.

- Date: 2020-12-28 · published 2020-12-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/49688-cbot-wheat-slips-as-u-s-crop-prospects-improve-markets-business-recorder
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Improved US crop conditions add supply pressure, but the Russian export downgrade and tax provide offsetting support for global wheat prices.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40045224

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