# Farming News - Wheat market Report: All eyes still on EU Ref

> Gleadell's market report says fund long positions exited corn and soybeans after US crop ratings improved. Corn had shed $15/t since its June 15 high, and MATIF wheat fell €10/t. UK LIFFE wheat fell £6/t as sterling moved on Brexit polls.

- Date: 2016-06-23 · published 2016-06-23T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/11732-farming-news-wheat-market-report-all-eyes-still-on-eu-ref
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Improved US crop ratings and fund liquidation lower corn and soybean values, which feed buyers track closely. Weaker European wheat and sterling volatility also shape import costs.

## Read by commodity

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

## Sources

- farming.co.uk: https://farming.co.uk/news/wheat-market-report%3A-all-eyes-still-on-eu-ref

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