# Wheat slips back after run-up, corn and soy also down - Markets - Business Recorder

> CBOT wheat fell 0.7% to $5.17-1/4 on June 1 after a recent run-up, while corn and soybeans were marginally lower as US-China trade tensions escalated. The European Commission cut its 2020/21 EU soft wheat forecast to 121.5 million tonnes from 125.8 million.

- Date: 2020-06-01 · published 2020-06-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/52662-wheat-slips-back-after-run-up-corn-and-soy-also-down-markets-business-recorder
- 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

The EU crop cut supports wheat prices, while US-China tensions cloud demand for US feed grains and soybeans.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/1000318

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