# Daily Market Wire 19 March 2021 - Grain Central

> Grain futures closed lower across the board on March 18 after a crude oil sell-off of nearly 7%, with WTI down to $60. Chicago, Kansas and Minneapolis wheat, corn, soybeans and canola all fell, and a strong Philadelphia Fed manufacturing reading provided little support. Export sales to China continued, including a flash sale of 0.7 Mt of US corn.

- Date: 2021-03-18 · published 2021-03-18T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/12402-daily-market-wire-19-march-2021-grain-central
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower crude oil weakens the energy complement to biofuel demand and pressures grain and oilseed values, while continued Chinese corn purchases provide some offsetting demand.

## Read by commodity

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

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-19-march-2021/

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