# Arab News | Wheat dips after fund-buying rally; corn and soy also lower

> Chicago wheat futures eased about 0.7 percent to $4.30-1/2 a bushel after a 3 percent rally on Wednesday, the biggest since Dec. 27, as funds took a breather. Corn and soybeans also edged lower after sharp gains the previous day.

- Date: 2017-02-03 · published 2017-02-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/8597-arab-news-wheat-dips-after-fund-buying-rally-corn-and-soy-also-lower
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Fund buying and a weaker dollar supported prices, but large global inventories and a favorable South American outlook cap upside, so the near-term bias is sideways to softer for feed grains.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: neutral

## Sources

- arabnews.com: https://www.arabnews.com/business/wheat-dips-after-fund-buying-rally-corn-and-soy-also-lower-1048221

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