# Wheat Pukes and Profits to Start 2022 - Alberta Grains

> Grain markets sold off in the first week of 2022, with Chicago SRW, Kansas City HRW and Minneapolis HRS wheat falling to multi-month lows. Traders cited larger southern hemisphere wheat harvests and a wheat-short, soy-long spread, while AgRural cut its Brazilian soybean estimate.

- Date: 2022-01-10 · published 2022-01-10T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/43175-wheat-pukes-and-profits-to-start-2022-alberta-grains
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Large Australian and Argentine crops weigh on US wheat export demand, while Brazilian crop cuts support soybeans and meal.

## Read by commodity

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

## Sources

- albertagrains.com: https://www.albertagrains.com/combined-markets/market-insider/wheat-pukes-and-profits-to-start-2022

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