# Wheat futures rally tantalises - Grain Central

> Wheat futures pulled back after a rally driven by spring wheat losses in June and July, with a correction of about 60 cents per bushel as US prices lost export competitiveness. Traders said fund positions were a major factor in the selloff.

- Date: 2017-07-19 · published 2017-07-19T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/70000-wheat-futures-rally-tantalises-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

The correction lowers wheat prices, but analysts still see enough risk from corn, spring wheat and Australian crops to keep a higher trading range than the past year.

## Read by commodity

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

## Sources

- graincentral.com: https://www.graincentral.com/markets/wheat-futures-rally-tantalises/

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