# Wheat: markets tend to be weak   - Mundus Agri

> Soybeans and wheat rallied on commercial and technical buying on March 23, 2020. Chinese soybean meal rose on reports that crushers idled due to tight bean supply. Corn was mixed and wheat gained with strong cash demand in Chicago and Kansas City.

- Date: 2020-03-06 · published 2020-03-06T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/54172-wheat-markets-tend-to-be-weak-mundus-agri
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Idled Chinese crushers and tight beans support soybean meal demand and prices. Strong wheat cash demand adds support to feed wheat values.

## Read by commodity

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

## Sources

- mundus-agri.eu: https://www.mundus-agri.eu/news/wheat-markets-tend-weak.n20922.html

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