# US MIDDAY: Wheat futures up - Markets - Business Recorder

> US wheat futures rose on October 27 following corn gains, supported by strong overseas demand and high European wheat prices. CBOT December wheat settled at $7.59-3/4 a bushel, KC HRW at $7.82-3/4 and MGEX spring wheat at $10.21-1/2. Egypt's GASC bought 360,000 tonnes in an international tender.

- Date: 2021-10-27 · published 2021-10-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/44596-us-midday-wheat-futures-up-markets-business-recorder
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Egyptian purchases and firm export demand support US wheat prices, which increases feed wheat costs for buyers.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2021-11-01 | 5 | +10.3% | 2.9 | Strong overseas demand, high European prices and an Egyptian tender supported wheat futures in the days before the window ended. |

## Sources

- brecorder.com: https://www.brecorder.com/news/40129541

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