# Daily Market Wire 13 May 2020 - Grain Central

> Daily market wrap after the May WASDE showed Chicago, Kansas and Minneapolis wheat moving in different directions. Corn rose while soybeans fell. USDA projected larger global supplies, higher trade and higher ending stocks.

- Date: 2020-05-13 · published 2020-05-13T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/12711-daily-market-wire-13-may-2020-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Wheat's mixed moves and larger USDA supply estimates point to a soft wheat outlook. Corn's gain shows only limited support from the report.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2020-05-14 | 5 | -10.3% | -3.0 | Post-WASDE market wrap noting larger global supplies, higher ending stocks and weak wheat price action, confirming the bearish sentiment shift around the report. |

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-13-may-2020/

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