# Funds lift corn and soybeans

> Corn, soybeans and wheat rallied after USDA's monthly report, and wheat has since topped $4.50 a bushel as investment funds bought hard red winter wheat and reduced their net short in soft red winter wheat. USDA also forecast the lowest U.S. farm income since 2002.

- Date: 2017-02-17 · published 2017-02-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/72452-funds-lift-corn-and-soybeans
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Fund buying adds momentum to wheat and supports corn and soybean prices, though analysts question whether ample world wheat supplies will cap the rally. The low farm income forecast does not directly change supply.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/funds-lift-corn-and-soybeans

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