# Wheat leads commodities with double-digit gains - Brownfield Ag News

> Wheat futures on all three US exchanges ended higher by double digits on Wednesday on trade rumours that Russia may introduce an export tax or curb exports at 25 million tonnes. Soybeans closed mixed with support from soymeal commercial buying, while corn ended fractionally higher after rain.

- Date: 2018-08-29 · published 2018-08-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/63570-wheat-leads-commodities-with-double-digit-gains-brownfield-ag-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Russian export restriction rumours support wheat values, though gains could reverse if Moscow denies them. Corn pressure from rain and commercial selling is bearish for feed grains.

## Read by commodity

- SBM: bullish ▲
- CORN: bearish ▼
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/wheat-leads-commodities-with-double-digit-gains/

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