# Wheat rises but record supply nets 13 percent loss for 2016 - Jamestown Sun | News, weather, sports from Jamestown North Dakota

> US wheat futures rose on Friday as a weaker dollar supported prices, with the most active CBOT contract up 0.19 percent to $4.05-1/2 a bushel. Wheat was on track for a record annual loss of more than 13 percent on record global production, while soybeans were set for gains of over 17 percent and corn for a 2.5 percent loss. Morocco's ONICL also announced tenders for 363,636 tonnes each of EU and US soft wheat under preferential-tariff quotas.

- Date: 2016-12-29 · published 2016-12-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/73528-wheat-rises-but-record-supply-nets-13-percent-loss-for-2016-jamestown-sun-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Record global wheat output and sluggish demand keep wheat prices under pressure, though a weaker dollar and Moroccan import demand offer modest support. Feed buyers should expect ample supply to keep wheat cheap relative to corn.

## Read by commodity

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

## Sources

- jamestownsun.com: https://www.jamestownsun.com/news/wheat-rises-but-record-supply-nets-13-percent-loss-for-2016

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