# GRAIN MARKETS: Wheat recovers from early tumble

> Wheat closed higher after a volatile session with early highs and midday losses, while corn and soybeans also gained. Soybeans reached their highest level since March after a USDA acreage report showed fewer soybean acres than expected. Concerns about hot, dry weather in the northern Plains supported prices, and foreign buyers including Algeria and Egypt made purchases.

- Date: 2017-07-05 · published 2017-07-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6180-grain-markets-wheat-recovers-from-early-tumble
- 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

Dry weather risk and a smaller soybean area support corn, soybean and wheat feed values. Export demand adds further support.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Sources

- feedstuffs.com: https://www.feedstuffs.com/grain-market-news/grain-markets-wheat-recovers-from-early-tumble

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