# Arable Market Report - 03 January 2023 | AHDB

> Chicago wheat rose to a four-week high of $293.46 per tonne, supported by strong US export sales. Paris milling wheat was steady, but competitively priced Russian exports keep pressure on global wheat. Dryness in Argentina is supporting maize prices.

- Date: 2023-01-03 · published 2023-01-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/8624-arable-market-report-03-january-2023-ahdb
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Competitive Russian wheat exports cap global wheat prices despite US demand. Argentine dryness supports maize, though strong Brazilian crop prospects limit the upside.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bearish ▼
- BARLEY: neutral

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/arable-market-report-03-january-2023

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