# Wheat Prices Rise on Strong Demand, but Monthly Losses Remain

> Chicago wheat prices rose toward a first weekly gain in a month on strong export demand, with Egypt and Algeria among key buyers of US wheat. Wheat is still on track for its largest monthly decline since June 2022, down nearly 14% in June. Traders were positioning ahead of USDA's quarterly stocks and acreage reports.

- Date: 2024-06-30 · published 2024-06-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29796-wheat-prices-rise-on-strong-demand-but-monthly-losses-remain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Robust US export sales support near-term wheat prices, but harvest pressure from the Northern Hemisphere and Argentine planting keep the broader trend bearish for feed wheat costs.

## Read by commodity

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

## Sources

- ag.hedder.com: https://ag.hedder.com/news/wheat-prices-rise-on-strong-demand-but-monthly-losses-remain/

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