# Prairie cash wheat: Bids fall with U.S. futures - Grainews

> Western Canadian hard red spring wheat bids fell $9-$11 per tonne in the week ended January 30, following a sell-off in U.S. futures. Concerns about the Wuhan coronavirus slowing the global economy contributed to broad speculative selling across grain markets. The March Minneapolis spring wheat contract was quoted at US$5.365 per bushel.

- Date: 2020-01-31 · published 2020-01-31T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/55120-prairie-cash-wheat-bids-fall-with-u-s-futures-grainews
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower U.S. spring wheat futures and weaker cash bids reflect risk-off sentiment, pressuring Canadian and U.S. wheat values in the near term.

## Read by commodity

- WHEAT: bearish ▼

## Sources

- grainews.ca: https://www.grainews.ca/daily/prairie-cash-wheat-bids-fall-with-u-s-futures/

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