# Wheat unmoved after closing higher, supply woes support prices | Financial Post

> Chicago wheat was little changed after snapping a four-day losing streak, with dwindling high-quality supplies underpinning prices. Buyers are turning to Australian wheat as Northern Hemisphere supply falls short, and China bought up to 240,000 tonnes of US Gulf and Brazilian soybeans for shipment.

- Date: 2021-12-02 · published 2021-12-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/43647-wheat-unmoved-after-closing-higher-supply-woes-support-prices-financial-post
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Tight high-quality wheat supply and fresh Chinese soybean buying support feed-grain prices. Export demand for soybeans from China adds support to the soy complex.

## Read by commodity

- SOY: bullish ▲
- CORN: neutral
- WHEAT: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/wheat-unmoved-after-closing-higher-supply-woes-support-prices

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