# Wheat Market Stays Hot

> Hard wheat futures rallied with double-digit gains on Monday July 30 while row crops traded quietly. A weaker US dollar lifted dollar-denominated commodities, and corn was 2 to 3 cents higher with new-crop December trading near $3.80. Dry conditions in Wisconsin, Illinois, Indiana and northern Missouri raised concern about soybean condition ratings.

- Date: 2018-07-30 · published 2018-07-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/64068-wheat-market-stays-hot
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A weaker dollar and dry Midwest soybean fields support feed commodity prices, while wheat strength adds to feed grain costs.

## Read by commodity

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

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2018/07/30/wheat-market-stays-hot

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