# CBOT wheat ends lower on US harvest pressure, firmer dollar - Markets - Business Recorder

> CBOT July soft red winter wheat settled down 3.75 cents at $5.11-1/2 and KC July HRW fell 0.75 cent to $4.60-1/2 on June 8. Harvest pressure across the southern Plains and a firmer dollar weighed on US wheat, while Coceral cut EU and UK soft wheat forecasts to 129.7 million tonnes.

- Date: 2020-06-08 · published 2020-06-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52659-cbot-wheat-ends-lower-on-us-harvest-pressure-firmer-dollar-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

Harvest pressure and a stronger dollar make US wheat less competitive, while lower EU crop estimates provide some underlying support.

## Read by commodity

- DXY: bullish ▲
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/1002578

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