# Wheat Futures Sink to New Low on Lower-Than-Expected Exports | Fox Business

> Chicago SRW wheat December futures fell 1.5% to $4.09 1/2 a bushel on Monday, the lowest close since Aug. 30 and a new contract low. USDA reported weekly export sales of 200,500 metric tons for the week ended Nov. 16, below expectations, while steady Russian export flows and falling local prices added pressure. Corn also fell about 1%.

- Date: 2017-11-27 · published 2017-11-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/68029-wheat-futures-sink-to-new-low-on-lower-than-expected-exports-fox-business
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Weak export demand and aggressive Russian competition keep U.S. wheat values under pressure, and a firm dollar limits U.S. competitiveness. Bearish wheat also dragged corn lower.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- foxbusiness.com: https://www.foxbusiness.com/features/wheat-futures-sink-to-new-low-on-lower-than-expected-exports

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