# Daily market wire 23 August 2017 - Grain Central

> CBOT wheat, Kansas wheat and European milling wheat futures printed fresh contract lows, with wheat down about 8 cents and corn down 3 cents on the day. Russian export prices and higher Russian production estimates of 81-88 Mt weighed on the market, while Ohio corn yields from a crop tour came in above the three-year average. Soybeans and canola rose.

- Date: 2017-08-22 · published 2017-08-22T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/11614-daily-market-wire-23-august-2017-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Heavy Russian export supply and expected harvest selling keep wheat under pressure, which lowers feed grain costs for buyers. Corn weakness reflects good crop prospects and fund selling.

## Read by commodity

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

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-23-august-2017/
- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-24-august-2017/

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