# Global Ag Network | Equities Making Highs - Grains Find a Bid

> Equity markets rallied to new highs during the week while grains recovered from lows. Traders reacted to ECB quantitative easing and expectations of further US rate cuts. Grains rose after a USDA report came in more bearish than the market expected.

- Date: 2019-09-13 · published 2019-09-13T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/9893-global-ag-network-equities-making-highs-grains-find-a-bid
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Macro and equity moves dominated the week, and grain prices were mostly driven by short-covering after bearish positioning. The price implication is limited and mainly reflects sentiment rather than new supply or demand.

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2019-09-15 | 1 | +6.6% | 4.0 | Grains rebounded from lows on 2019-09-13 amid risk-on equity sentiment and ECB easing, which plausibly fed short-covering and a bounce in HRW wheat, though the summary is generic and not wheat-specific. |

## Sources

- globalagnetwork.com: https://globalagnetwork.com/todd-bubba-horwitz-of-bubbatrading-com/articles/equities-making-highs-grains-find-a-bid

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