# New wheat prices aligned with global values
 | WA

> Western Australian analyst Malcolm Bartholomaeus says CBOT wheat held most of its post-USDA gains, with a midweek spike to over 550 cents per bushel driven by reported Egyptian purchases of Russian wheat at prices about US$8 per tonne higher. Prices then gave back half of those gains by week's end.

- Date: 2020-07-25 · published 2020-07-25T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/52176-new-wheat-prices-aligned-with-global-values-wa
- 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

Higher Russian wheat prices paid by Egypt indicate firming global wheat values, though the failure to build on the spike leaves the outlook uncertain.

## Read by commodity

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

## Sources

- farmweekly.com.au: https://www.farmweekly.com.au/story/6849050/new-wheat-prices-aligned-with-global-values/

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