# Wheat Hits 3-Month High | Feed & Grain

> Chicago wheat rose for a second session to a three-month high on fund short-covering and cold weather in the U.S. grain belt. Egypt bought 405,000 tonnes of Russian, French and Ukrainian wheat at prices above its October tender.

- Date: 2020-11-30 · published 2020-11-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/50197-wheat-hits-3-month-high-feed-and-grain
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Fund short-covering, cold weather and firmer import prices from Egypt support wheat prices. Soybeans were little changed as traders awaited U.S.-China trade clarity.

## Read by commodity

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

## Sources

- feedandgrain.com: https://www.feedandgrain.com/grain-supply-chain/news/15394505/wheat-hits-3-month-high

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