# U.S. grains: Wheat slides as harvest progresses - Grainews

> U.S. wheat futures fell on Tuesday, with the KC hard red winter contract hitting its lowest in nearly five months on fund long liquidation and southern Plains harvest pressure. Soybeans were lower while corn ended modestly higher ahead of USDA reports due later that week. The U.S. winter wheat harvest was 41 percent complete, with Kansas at 52 percent.

- Date: 2018-06-26 · published 2018-06-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/64573-u-s-grains-wheat-slides-as-harvest-progresses-grainews
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Harvest pressure and fund selling push near-term HRW and SRW prices lower, which can ease wheat-based feed costs for buyers. Traders are positioning ahead of USDA data that could reverse the move.

## Read by commodity

- SOY: bearish ▼
- CORN: neutral
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-wheat-slides-as-harvest-progresses/

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