# Daily market wire 27 April 2018 - Grain Central

> CBOT wheat, Kansas wheat and corn closed lower overnight while soybeans rose slightly. Wheat's earlier rally on reports of frost damage in HRW areas faded as open interest fell, implying short covering. Old-crop US wheat export sales came in well above expectations at 297kmt, while corn sales were weak after cancellations.

- Date: 2018-04-26 · published 2018-04-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11222-daily-market-wire-27-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)

## Why it matters

Wheat and corn fell as the market unwound speculative short-covering rallies, with export data mixed. Soybean strength suggests firmer oilseed support for meal values.

## Read by commodity

- SOY: bullish ▲
- CORN: bearish ▼
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-27-april-2018/

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