# On exchanges is speculative adjustments in wheat prices

> Ukrainian market commentary reports that a four-day rally in French wheat ended on Wednesday as US weather concerns lost influence. Russia's spring wheat planting reached 88.9% with favorable weather supporting record production forecasts. Chicago and Kansas City wheat futures fell on profit-taking after an early rise on a USDA report of weaker US winter wheat condition.

- Date: 2019-05-30 · published 2019-05-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/59136-on-exchanges-is-speculative-adjustments-in-wheat-prices
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Profit-taking after the rally and a favorable Russian crop outlook point to continued pressure on world wheat prices, with US crop condition the main upside risk.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/na-birzhah-prohodit-spekulyativne-koriguvannya-tcin-na-pshenitcyu.html

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