# Daily market wire 17 Nov 2016 - Grain Central

> Grain futures fell on November 16, 2016, with CBOT wheat down 2 cents and corn down 2.75 cents. Soybeans fell 3.75 cents while Winnipeg canola rose. Algeria bought 580,000 tonnes of wheat around $201 C&F, and Black Sea prices held firm.

- Date: 2016-11-16 · published 2016-11-16T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/12244-daily-market-wire-17-nov-2016-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), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Routine daily moves with mixed drivers, including Algerian demand and firm Black Sea values. The Algerian purchase supports wheat export parity, though broad weakness persists.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: neutral
- CANMEAL: neutral

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-17-nov-2016/

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