# Daily market wire 28 Nov 2016 - Grain Central

> Grains and oilseeds were mixed after the US Thanksgiving holiday, with soybeans up 11.75 cents to 1046 cents and CBOT wheat down 5.75 cents. SRW exports are falling, and China is still buying US and South American soybeans. Korea bought 55,000 tonnes of corn, and Indonesia may raise feed wheat imports to 3 million tonnes.

- Date: 2016-11-27 · published 2016-11-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/10689-daily-market-wire-28-nov-2016-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Steady Chinese soybean buying and EPA biofuel demand support soybean prices. Weak SRW export demand and large wheat stocks keep the wheat complex under pressure.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- CORN: neutral
- WHEAT: bearish ▼
- CANMEAL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2016-11-28 | 1 | -2.0% | -3.3 | The 28 Nov market wire reports CBOT wheat down 5.75 cents and falling SRW exports, which is a direct description of the day's weakness and the demand side. |

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-28-nov-2016/
- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-29-nov-2016/

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