# Daily market wire 18 August 2017 - Grain Central

> Wheat, corn and Kansas wheat fell on the session, while soybeans and Winnipeg canola rose. Saudi Arabia's grain buying agency tendered for 490,000 t of mid-protein wheat for October-December shipment. Funds were noted as major sellers in wheat.

- Date: 2017-08-17 · published 2017-08-17T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/11615-daily-market-wire-18-august-2017-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)

## Why it matters

The Saudi tender supports some wheat demand, but heavy harvest supplies in Russia, the US and Europe limit price gains. Better export sales and Chinese soybean buying are supporting beans.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2017-08-21 | 1 | -3.4% | -3.1 | Prior-session weakness with funds noted as major sellers in wheat points to momentum and fund liquidation that carried into the 21 August decline. |

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-18-august-2017/

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