# Chicago wheat ending historic 2022 on dramatic note, losing ground to rivals

> Most-active CBOT wheat settled at $7.29 per bushel on Tuesday after hitting a 14-month low, and world wheat futures were falling. Euronext wheat for March delivery slipped below 300 euros per tonne for the first time since early March.

- Date: 2022-12-07 · published 2022-12-07T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/6641-chicago-wheat-ending-historic-2022-on-dramatic-note-losing-ground-to-rivals
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Cheaper Black Sea supplies keep export competition intense, pressuring wheat prices and weakening feed-grain alternatives' value relative to wheat.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/chicago-wheat-ending-historic-2022-dramatic-note-losing-ground-rivals-2022-12-07/

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