# Marketline Report for Thursday, March 1st - AG INFORMATION NETWORK OF THE WEST

> The Marketline report says wheat is surging on US crop concerns and recently hit a seven-month high. Commercial buyers were reported buying Kansas City wheat, and funds were covering shorts. March corn closed higher and Chicago wheat rose sharply on the session.

- Date: 2018-03-01 · published 2018-03-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12434-marketline-report-for-thursday-march-1st-ag-information-network-of-the-west
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Fund short-covering and commercial buying signal growing concern about US winter wheat, supporting wheat prices and tightening feed grain supply expectations. This is a routine market wrap with no new fundamental cause.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Sources

- aginfo.net: https://www.aginfo.net/report/39376/Marketline-Report-for-Thursday-March-1st

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