# Grains Report 12/13/2024 - Market InsightsMarket Insights

> Chicago, Kansas City and Minneapolis wheat futures closed lower after USDA showed weak export sales. Tensions among Ukraine, the US and Russia remained high, while US growing conditions were rated very good. Rice closed slightly lower with weak Asian prices.

- Date: 2024-12-13 · published 2024-12-13T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/7784-grains-report-12-13-2024-market-insightsmarket-insights
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Weak export demand and favorable US crop conditions weigh on wheat prices, although geopolitical tensions limit the downside. Feed wheat buyers face little upward pressure.

## Read by commodity

- WHEAT: bearish ▼

## Sources

- blog.pricegroup.com: https://blog.pricegroup.com/2024/12/13/grains-report-12-13-2024/

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