# U.S. grains: Wheat tumbles to three-month low in broad sell-off - Grainews

> Chicago wheat fell about 2% to a three-month low on November 28 amid a broad commodity and equity sell-off linked to protests in China against COVID policy. Cheap Russian and Black Sea supplies added competition, and soybeans gained on a USDA export sale of 110,000 tonnes.

- Date: 2022-11-28 · published 2022-11-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/38714-u-s-grains-wheat-tumbles-to-three-month-low-in-broad-sell-off-grainews
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Cheap Black Sea wheat competition and technical selling push wheat lower, while the China protests weigh on demand sentiment; soybeans are supported by export sales and renewable fuel expectations.

## Read by commodity

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

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-wheat-tumbles-to-three-month-low-in-broad-sell-off/

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