# U.S. grains: Wheat falls on profit-taking - Grainews

> U.S. wheat futures eased 1.2% on Wednesday as traders took profits after their biggest rally since last summer. Corn and soybeans closed higher as shorts were covered on concerns about Midwest planting delays from wet fields and cold soil.

- Date: 2019-03-13 · published 2019-03-13T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10667-u-s-grains-wheat-falls-on-profit-taking-grainews
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Large fund short positions raised the risk of a sharp short-covering rally if weather delayed seeding, supporting grain prices. The day's move was a modest correction within a volatile weather-driven market.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: neutral

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-wheat-falls-on-profit-taking-2/

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