# Wheat slides on US weather, reduced fears over Ukraine - The Business Times

> US wheat futures fell more than 3% on February 1 to their lowest in nearly two weeks on Plains moisture forecasts and waning Russia-Ukraine conflict fears. Corn also retreated while soybeans rose to a seven-month high on drought-related concerns in South America.

- Date: 2022-01-31 · published 2022-01-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/43174-wheat-slides-on-us-weather-reduced-fears-over-ukraine-the-business-times
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Improved Plains moisture and easing geopolitical risk reduce near-term wheat support, while South American crop losses keep soybean and meal prices firm.

## Read by commodity

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

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/energy-commodities/wheat-slides-on-us-weather-reduced-fears-over-ukraine

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