# Chicago wheat futures rise over 1 pct weekly over global weather concern, weak export demand - Xinhua | English.news.cn

> CBOT wheat futures rose over 1 percent in the week ended August 31 amid concerns about Russia's production and global weather. December corn gained about 0.6 percent while November soybeans fell 1.4 percent.

- Date: 2018-09-02 · published 2018-09-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/6994-chicago-wheat-futures-rise-over-1-pct-weekly-over-global-weather-concern-weak
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Concern over Russian output and weather supports wheat prices, while weak export demand caps gains. Corn and soybean moves were modest and mixed.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2018-09-03 | 1 | +5.5% | 4.6 | Weekly gain on Russian production and global weather concerns shows the supportive supply sentiment leading into the move. |

## Sources

- xinhuanet.com: http://www.xinhuanet.com/english/2018-09/02/c_137437242.htm

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