# Daily market wire 30 April 2018 - Grain Central

> CBOT wheat, Kansas wheat, corn and soybeans all closed higher on Friday. Wheat strength came from fund buying, Canadian area above expectations, and concerns over Australian and Russian production. Brazil's second-driest April on record is pressuring its safrinha corn crop.

- Date: 2018-04-29 · published 2018-04-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/11226-daily-market-wire-30-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

Fund buying and production worries in Australia and Russia support wheat, while Brazil's dry April adds risk to second-crop corn. Together these lift feed grain prices.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2018-04-30 | 1 | +2.3% | 3.2 | Reports wheat closing higher on fund buying, a larger-than-expected Canadian area and Australian and Russian production worries, which supported momentum going into the April 30 session. |

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-30-april-2018/

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