# Rising prices for corn and soybeans due to possible harvest cuts in the US are supporting wheat quotes 25.08.2022 - UkrAgroConsult

> Wheat quotes rose on Aug 25 as US corn and soybean prices gained on possible US harvest cuts, though physical demand remained limited. Egypt's GASC bought 240,000 tonnes of Russian wheat at $368/t C&F without a tender.

- Date: 2022-08-25 · published 2022-08-25T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/40062-rising-prices-for-corn-and-soybeans-due-to-possible-harvest-cuts-in-the-us-are
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher US corn and soy prices are lifting wheat as a feed substitute, but Russia's record harvest and Egypt's buying keep the upside limited.

## Read by commodity

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

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/rising-prices-for-corn-and-soybeans-due-to-possible-harvest-cuts-in-the-us-are-supporting-wheat-quotes/

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