# The start of wheat harvesting against the background of low demand increases the pressure on quotations 29.06.2022 - UkrAgroConsult

> World wheat prices fell as the Northern Hemisphere harvest began early and demand for old-crop wheat weakened. Chicago wheat hit its lowest level since February, with some partial rebounds, and U.S. winter wheat harvest was 41% complete.

- Date: 2022-06-29 · published 2022-06-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/40991-the-start-of-wheat-harvesting-against-the-background-of-low-demand-increases
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Early harvest pressure and weak old-crop demand point to lower wheat values, which can cheapen wheat as a feed ingredient versus corn.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/the-start-of-wheat-harvesting-against-the-background-of-low-demand-increases-the-pressure-on-quotations/

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