# Wheat prices rebound from two-month low, but good weather curbs gains

> CBOT wheat futures rebounded on March 28 from a two-month low of $418 hit the previous day, which was driven by global oversupply concerns. Favorable U.S. weather is limiting gains ahead of the USDA prospective plantings report due Friday.

- Date: 2017-03-28 · published 2017-03-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/72046-wheat-prices-rebound-from-two-month-low-but-good-weather-curbs-gains
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Expectations of larger U.S. wheat acreage weigh on prices, while good crop weather reduces the risk premium.

## Read by commodity

- WHEAT: bearish ▼

## Sources

- economies.com: https://www.economies.com/commodities/news/wheat-prices-rebound-from-two-month-low,-but-good-weather-curbs-gains-19326

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