# Wheat rallies global bargain buying - Beachner Grain

> Wheat prices rallied on June 29, 2022, with Chicago, Kansas City and Minneapolis wheat up 12-17 cents, after strong demand signals from several major global wheat buyers. Corn and soybeans also gained on higher energy prices, a South Korean soymeal tender, and expected USDA acreage cuts for soybeans ahead of the June 30 reports.

- Date: 2022-06-29 · published 2022-06-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/40977-wheat-rallies-global-bargain-buying-beachner-grain
- 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), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Fresh import demand from major buyers supports wheat values into the USDA acreage report, and firmer wheat and energy prices lift feed grain and soymeal quotes for buyers.

## Read by commodity

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

## Sources

- beachnergrain.com: https://www.beachnergrain.com/story-wheat-rallies-global-bargain-buying-22-225468

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