# Futures fight to extend rebound

> Wheat led the market higher on Friday after the first US wheat sale to Egypt in more than a year, which indicated US prices are competitive. Gains faded overnight after good rains in Europe. Stronger basis in export pipelines for corn, soybeans and wheat also supported prices.

- Date: 2018-10-29 · published 2018-10-29T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/62621-futures-fight-to-extend-rebound
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Renewed export demand from a major importer like Egypt can firm US wheat prices and basis, though European rains limit upside for now.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-10-23 | [Corn Futures Extend Rally to 14-Month High on U.S. Export Demand](https://feedsoft.ai/events/5712-corn-futures-extend-rally-to-14-month-high-on-u-s-export-demand.md) | -0.1% | -4.5% |
| WHEAT | 2018-08-26 | [Local feed prices are likely to remain firm for foreseeable future](https://feedsoft.ai/events/63606-local-feed-prices-are-likely-to-remain-firm-for-foreseeable-future.md) | +2.1% | +0.2% |
| WHEAT | 2020-10-27 | [Corn futures set 14-month high on strong export demand](https://feedsoft.ai/events/5717-corn-futures-set-14-month-high-on-strong-export-demand.md) | -2.3% | -7.5% |
| WHEAT | 2025-01-21 | [Wheat Futures Reach New Heights After Trump Holds Back Tariffs - Finimize](https://feedsoft.ai/events/9935-wheat-futures-reach-new-heights-after-trump-holds-back-tariffs-finimize.md) | +3.4% | +5.7% |
| WHEAT | 2021-02-03 | [Euronext front-month wheat futures higher - Markets - Business Recorder](https://feedsoft.ai/events/5827-euronext-front-month-wheat-futures-higher-markets-business-recorder.md) | +0.3% | +12.4% |
| KWHEAT | 2026-10-29 | [Wheat Futures Turn Higher After USDA Export Sales Hit… - SquawkNews](https://feedsoft.ai/events/2010-wheat-futures-turn-higher-after-usda-export-sales-hit-squawknews.md) | -2.3% | — |
| KWHEAT | 2025-07-31 | [Basis steady as futures rise — TradingView News](https://feedsoft.ai/events/23802-basis-steady-as-futures-rise-tradingview-news.md) | -2.0% | -7.0% |
| KWHEAT | 2020-03-20 | [CBOT wheat futures rise on reports of China buying US wheat](https://feedsoft.ai/events/6106-cbot-wheat-futures-rise-on-reports-of-china-buying-us-wheat.md) | +4.7% | +2.8% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/futures-fight-to-extend-rebound

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