# CBOT wheat ends higher on bargain buying after three-month low - Markets - Business Recorder

> CBOT May soft red winter wheat settled up 3.5 cents at $6.16-3/4 after dipping to $6.07-1/4, its lowest since Dec. 22. KC May hard red winter wheat ended up 1.25 cents at $5.69-1/2 while MGEX spring wheat fell. A firmer dollar weighed on US grains, and USDA weekly wheat export inspections came in at 302,188 tonnes, below trade expectations.

- Date: 2021-03-30 · published 2021-03-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/48158-cbot-wheat-ends-higher-on-bargain-buying-after-three-month-low-markets-business
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Weak export inspections and a firmer dollar pressure US wheat values, though bargain buying limited losses after the contract hit its lowest level of 2021. Feed buyers may see wheat stay cheap relative to corn if the downtrend persists.

## Read by commodity

- DXY: bearish ▼
- WHEAT: neutral
- KWHEAT: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40079139

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