# Daily market wire 23 April 2018 - Grain Central

> Friday's grain futures fell, with CBOT wheat down 13.5 cents, Kansas wheat down 12.5 cents, corn down 5.5 cents and soybeans down 8.5 cents. Improved HRW wheat rain forecasts spurred fund selling, and talk of sorghum replacing wheat in US domestic feed rations weighed on wheat, while corn saw its biggest daily loss since mid-March as funds shifted into beans.

- Date: 2018-04-22 · published 2018-04-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10868-daily-market-wire-23-april-2018-grain-central
- 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), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Better rain for HRW wheat and a positive planting outlook reduce weather risk premium, pressuring grain prices. Sorghum substitution in feed rations is a bearish signal for wheat feed demand.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- KWHEAT: bearish ▼
- SORGHUM: bearish ▼

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-23-april-2018/

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