# U.S. grains: Wheat falls to decade low on ample supplies - Grainews

> Chicago wheat futures fell to their lowest level in nearly a decade on ample supplies and technical selling, with the September contract dipping to $3.81 per bushel. Corn and soybeans also declined as a U.S. crop tour wrapped up with mostly robust crops. The International Grains Council raised its record world wheat production forecast for 2016-17.

- Date: 2016-08-26 · published 2016-08-26T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/10609-u-s-grains-wheat-falls-to-decade-low-on-ample-supplies-grainews
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Record global wheat output and heavy U.S. supplies keep downward pressure on wheat, which lowers feed-grain alternatives and cheapens feed costs for buyers. Corn and soybean weakness signals ample feed supplies through the new crop season.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- farmtario.com: https://farmtario.com/daily/u-s-grains-wheat-falls-to-decade-low-on-ample-supplies/
- grainews.ca: https://www.grainews.ca/daily/u-s-grains-wheat-falls-to-decade-low-on-ample-supplies/

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