# Wheat prices give up over one percent

> Wheat futures fell over 1% as the dollar index rose following US data and Britain's vote to exit the EU. The US trade deficit widened in May to $60.6 billion, and the June flash services PMI came in at 51.3, below expectations.

- Date: 2016-06-27 · published 2016-06-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11734-wheat-prices-give-up-over-one-percent
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar makes dollar-priced wheat more expensive abroad, which weighs on export demand. Weaker data adds to the bearish tone in wheat.

## Read by commodity

- DXY: bullish ▲
- WHEAT: bearish ▼

## Sources

- economies.com: https://www.economies.com/commodities/wheat-news/wheat-prices-give-up-over-one-percent-16313

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