# U.S. grains: Wheat futures hit two-month low - Grainews

> Chicago wheat futures hit a two-month low on December 1 as U.S. winter wheat condition ratings improved and Australia's harvest estimates rose. March wheat settled at $5.77-1/4, with corn and soybeans also lower. Egypt bought Black Sea wheat with no U.S. origin offered.

- Date: 2020-12-01 · published 2020-12-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/49699-u-s-grains-wheat-futures-hit-two-month-low-grainews
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Improving U.S. crop ratings and strong Black Sea competition weigh on U.S. wheat export prospects, adding downward pressure on wheat as a feed alternative.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-wheat-futures-hit-two-month-low/

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