# Don’t let current wheat, soybean markets go without taking some action

> A University of Tennessee extension article says the market is in a weather rally affecting soybeans and wheat. Cash wheat for 2018 delivery could be contracted at $5.65 per bushel, and West Tennessee soybeans were near $10.05 for October delivery.

- Date: 2017-07-24 · published 2017-07-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/69988-don-t-let-current-wheat-soybean-markets-go-without-taking-some-action
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher forward wheat and soybean bids encourage producers to price future crops and may expand wheat plantings, while the weather premium could fade if August conditions are favorable.

## Read by commodity

- SOY: bullish ▲
- WHEAT: bullish ▲

## Sources

- farmprogress.com: https://www.farmprogress.com/soybean/don-t-let-current-wheat-soybean-markets-go-without-taking-some-action

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