# CBOT wheat declines amid winter crop harvest - Xinhua | English.news.cn

> CBOT July wheat fell 9.75 cents to $4.8975/bu in Monday morning trade as the US winter wheat harvest accelerated. About 14 percent of the US winter wheat crop had been harvested by the prior week, helped by dry weather in the southern Plains. July corn was down 5.5 cents, while soybeans were slightly higher.

- Date: 2018-06-18 · published 2018-06-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12352-cbot-wheat-declines-amid-winter-crop-harvest-xinhua-english-news-cn
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Faster harvest progress adds near-term selling pressure on wheat and spills over to corn. Feed buyers may see softer cash grain bids during harvest, with little change in the longer-term supply picture.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- xinhuanet.com: http://www.xinhuanet.com/english/2018-06/18/c_137263199.htm

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