# Global trade flows dominate local cash markets — This week in the grain markets - RealAgriculture

> Grain markets were mixed in the week to mid-November, with soybeans rising while corn and canola fell, and HRS and HRW wheat declining while SRW wheat and oats gained. Attention centered on hopes of a US-China trade war resolution ahead of the G20 summit, a record US soybean crush, and North American and South American weather outlooks.

- Date: 2018-11-17 · published 2018-11-17T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11723-global-trade-flows-dominate-local-cash-markets-this-week-in-the-grain-markets
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

Prospects for an easing of US-China tariffs support soybean demand and prices, while favorable South American weather weighs on the market. Cash prices are being driven more by global trade flows than local conditions.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-12-14 | [Grains go green for Phase 1 trade deal — this week in the grain markets - RealAgriculture](https://feedsoft.ai/events/12111-grains-go-green-for-phase-1-trade-deal-this-week-in-the-grain-markets.md) | +2.3% | +2.3% |
| SOY | 2018-01-31 | [Make Agricultural Trade Great Again \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/66973-make-agricultural-trade-great-again-farm-bureau-intel-markets-american-farm.md) | -1.4% | +4.5% |
| SOY | 2024-08-30 | [Demand provides strength to grain markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/28820-demand-provides-strength-to-grain-markets-agweek-1-source-for-agriculture-news.md) | +1.6% | +9.4% |
| SOY | 2024-12-23 | [U.S. soybean meal reaches record exports, driven by increased crush capacity and global demand - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/11402-u-s-soybean-meal-reaches-record-exports-driven-by-increased-crush-capacity-and.md) | +0.8% | +8.4% |
| SOY | 2018-09-02 | [U.S., Mexico reach agreement on key trade provisions - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/63004-u-s-mexico-reach-agreement-on-key-trade-provisions-agweek-1-source-for.md) | +0.1% | +3.0% |
| CORN | 2018-06-01 | [Trade war rhetoric — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/64504-trade-war-rhetoric-this-week-in-the-grain-markets-realagriculture.md) | -2.6% | -8.6% |
| CORN | 2019-08-02 | [August prices start off with new lows — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/6040-august-prices-start-off-with-new-lows-this-week-in-the-grain-markets.md) | -1.3% | -7.0% |
| CORN | 2018-06-24 | [Trade wars leave farming as a casualty - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/64502-trade-wars-leave-farming-as-a-casualty-agweek-1-source-for-agriculture-news.md) | -1.1% | -3.7% |

## Sources

- realagriculture.com: https://www.realagriculture.com/2018/11/global-trade-flows-dominate-local-cash-markets-this-week-in-the-grain-markets/

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