# Wheat dips for second session, strong global demand curbs losses | Financial Post

> Chicago wheat futures slid for a second session after hitting a December 2012 high of $8.07 a bushel, with the most-active contract at $7.89 at midday. Paris wheat was flat after a record high of 297 euros a tonne, and USDA reported US winter wheat good-to-excellent ratings fell to 45%.

- Date: 2021-11-03 · published 2021-11-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/44083-wheat-dips-for-second-session-strong-global-demand-curbs-losses-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), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Profit-taking after record highs shows some demand resistance, but tight global supplies keep wheat firm, supporting feed grain values.

## Read by commodity

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

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/wheat-dips-for-2nd-session-strong-global-demand-curbs-losses
- financialpost.com: https://financialpost.com/pmn/business-pmn/wheat-dips-for-second-session-strong-global-demand-curbs-losses

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