# Wheat futures continue commercial rally - Brownfield Ag News

> Wheat futures rose on commercial and technical buying, with Chicago and Kansas City posting the strongest gains. Dry weather in key global growing areas and higher Asian export demand were cited. Soybeans were modestly higher, with USDA reporting cancellations of 949,000 tons of U.S. beans and new purchases of 168,000 tons, while corn gained on commercial buying.

- Date: 2018-05-18 · published 2018-05-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10919-wheat-futures-continue-commercial-rally-brownfield-ag-news
- 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

Stronger wheat export demand from Asia and dry global weather support wheat prices. Soybean and corn moves are modest and tied to trade uncertainty with China.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2018-05-21 | 1 | +2.6% | 3.3 | Commercial and technical buying plus dry global weather and Asian export demand supported wheat on 18 May, contributing to the rally's continuation. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/wheat-futures-continue-commercial-rally/

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