# U.S. grains: Wheat surges four per cent on short-covering, lifting corn and soy - Grainews

> CBOT July wheat jumped 4.6% to $5.74-1/4/bu, its highest since March, as speculators covered short positions. Algeria bought more than 500,000 tonnes in a tender, and the US winter wheat harvest started slowly due to wet weather. Corn and soybeans also rose in sympathy.

- Date: 2025-06-18 · published 2025-06-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/24274-u-s-grains-wheat-surges-four-per-cent-on-short-covering-lifting-corn-and-soy
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Heavy fund short positions made wheat prone to a short-covering rally, which lifted feed grains too. The gain depends on fresh export demand and weather, so it may not last if harvest pressure returns.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2025-06-17 | 1 | +4.3% | 3.1 | Reports a ~4-4.6% wheat surge driven by short-covering, Algeria's 500k+ tonne purchase and a slow US winter wheat harvest due to wet weather, closely matching the size and timing of the HRW move (published 06-18, likely describing the 06-17 session). |
| KWHEAT | 2025-06-17 | 5 | +9.3% | 2.8 | Short-covering by speculators, Algeria's 500,000+ tonne purchase and a slow, wet-weather-delayed US harvest drove a sharp wheat rally, but it was dated June 18, just after the window ending June 17, so it likely reflects continued momentum rather than the cause. |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-wheat-surges-four-per-cent-on-short-covering-lifting-corn-and-soy/

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