# Double Digit Gains for Hard Red Wheats - IBest Media

> Hard red wheat futures closed with double-digit gains on March 5, with KC futures up 1.7% to 3.9%. Weekly US wheat export inspections fell to 353,137 MT from 482k MT the prior week. Russia's SovEcon raised its February wheat shipment estimate to 3.8 MMT.

- Date: 2024-03-05 · published 2024-03-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7299-double-digit-gains-for-hard-red-wheats-ibest-media
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower US export inspections are bearish for demand, but the sharp HRW rally reflects short-term technical buying. Russia's export pace remains a key competitive factor for prices.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Sources

- ibestmedia.com: https://www.ibestmedia.com/post/13297.html

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