# Wheat Charts Diverge

> Chicago, Minneapolis and Kansas City wheat futures all fell in the week to February 14, with Chicago down 16 cents. Russian FOB offers dropped $9/MT over two weeks, and Egypt bought 360 TMT of wheat from Russia and Romania at $239/MT delivered.

- Date: 2020-02-18 · published 2020-02-18T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/54641-wheat-charts-diverge
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower Russian export offers set world wheat prices and pull US futures down, while uncertainty over China's US wheat purchases weighs on demand.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- agriculture.com: https://www.agriculture.com/markets/analysis/wheat-charts-diverge

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