# Arable Market Report - 04 March 2024 | AHDB

> Chicago wheat futures fell 2.0% and Paris milling wheat fell 4.0% in the week to March 1, pressured by Black Sea competition. Chicago maize rose 2.7% on bargain buying and short covering. China bought over 20 feed grain cargoes in two weeks, and Iran's SLAL issued tenders for maize, barley and soymeal.

- Date: 2024-03-04 · published 2024-03-04T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/7298-arable-market-report-04-march-2024-ahdb
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Chinese and Iranian feed purchases provide demand support that could limit global grain price losses. Heavy Black Sea and South American supplies continue to cap prices.

## Read by commodity

- SBM: neutral
- CORN: neutral
- WHEAT: bearish ▼
- BARLEY: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2024-03-04 | 1 | +3.4% | 4.1 | Chicago maize gained on bargain buying and short covering, with Chinese feed grain purchases adding demand support. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-10-31 | [Grains Report 10/31/2025 - Market InsightsMarket Insights](https://feedsoft.ai/events/6940-grains-report-10-31-2025-market-insightsmarket-insights.md) | -3.1% | -5.9% |
| WHEAT | 2025-03-03 | [Wheat Market Outlook Special Tariff Report – March 3, 2025 \| Sask Wheat](https://feedsoft.ai/events/8144-wheat-market-outlook-special-tariff-report-march-3-2025-sask-wheat.md) | -3.4% | +0.5% |
| WHEAT | 2019-05-23 | [News Archives for Markets - 2019-05-23 - Business Recorder](https://feedsoft.ai/events/5436-news-archives-for-markets-2019-05-23-business-recorder.md) | -13.0% | -6.4% |
| WHEAT | 2025-03-13 | [Quiet March WASDE report offers little relief to soy markets - American Soybean Association](https://feedsoft.ai/events/25615-quiet-march-wasde-report-offers-little-relief-to-soy-markets-american-soybean.md) | +5.7% | +2.3% |
| WHEAT | 2019-04-26 | [Grain market week in review - April 26, 2019](https://feedsoft.ai/events/10959-grain-market-week-in-review-april-26-2019.md) | -3.9% | -0.9% |
| CORN | 2024-07-18 | [TSG - Weekly Dry Market Monitor-Week 29, 2024](https://feedsoft.ai/events/29493-tsg-weekly-dry-market-monitor-week-29-2024.md) | +2.4% | -0.9% |
| CORN | 2020-02-06 | [DDGS Weekly Market Report – February 6, 2020 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/6019-ddgs-weekly-market-report-february-6-2020-u-s-grains-and-bioproducts-council.md) | -0.4% | +0.7% |
| CORN | 2018-05-26 | [Grain market week in review - May 25, 2018](https://feedsoft.ai/events/12669-grain-market-week-in-review-may-25-2018.md) | -2.0% | -8.2% |

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/arable-market-report-04-march-2024

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