# More new lows for Chicago, Kansas City wheat - Brownfield Ag News

> Chicago and Kansas City wheat posted new lows as contracts remained oversold. The USDA reported China bought US soybeans last week, but far below the expected 10 million tons, and African swine fever continues to curb meal imports.

- Date: 2019-03-07 · published 2019-03-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/60133-more-new-lows-for-chicago-kansas-city-wheat-brownfield-ag-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Weak Chinese demand and disease-driven cuts in hog herds reduce demand for soymeal, pressuring soybean and meal prices. Wheat remains pressured by ample supplies.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: neutral
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/more-new-lows-for-chicago-kansas-city-wheat/

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