# Mr. Market Interrupts Bull Move in Wheat Prices

> DTN reports that July KC wheat closed limit-up on May 16 after India's export ban, then posted a record close on May 17. By May 19 it had fallen 72.5 cents to $12.95 1/4, mainly due to panicked stock-market selling.

- Date: 2022-05-20 · published 2022-05-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/41450-mr-market-interrupts-bull-move-in-wheat-prices
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

The sharp reversal shows that wheat prices are being driven by volatile speculative flows as well as physical supply, so buyers should expect continued swings.

## Read by commodity

- KWHEAT: neutral

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2022/05/20/mr-market-interrupts-bull-move-wheat

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