# Grain market unsettled | VIC

> Australian grain markets were volatile last week as wheat, corn and soybeans sold off. Weather risk premiums faded as US Corn Belt conditions improved. The US dollar rose after the Brexit vote count showed an exit outcome.

- Date: 2016-06-29 · published 2016-06-29T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/11733-grain-market-unsettled-vic
- 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

Improving US crop weather removes risk premium from futures, and a stronger US dollar lowers the Australian-dollar value of grain. Together these point to lower import and feed costs.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- stockandland.com.au: https://www.stockandland.com.au/story/3998144/grain-market-unsettled/

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