# Europe concerns support wheat complex - Brownfield Ag News

> Wheat futures rose on commercial and technical buying and a weaker US dollar index, with European wheat futures also firmer. Europe's difficult crop is supporting the wheat complex. Soybeans eased on profit taking, while corn was modestly lower but firm on the week.

- Date: 2018-08-17 · published 2018-08-17T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/63576-europe-concerns-support-wheat-complex-brownfield-ag-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker-dollar and European crop shortfall lift wheat values, which can tighten feed-grain substitution. Soybean and corn weakness reflects ample US supply expectations.

## Read by commodity

- DXY: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/europe-concerns-support-wheat-complex/

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