# Daily Market Wire 30 October 2024 - Grain Central

> Daily market wrap shows US wheat up about 2% on the 2nd-poorest winter wheat rating on record, with Chicago December wheat up 11.75c to 570.5c. Brent crude fell 6%, while soybeans dropped and corn gained slightly. Rain forecast for the Southern Plains is expected to improve conditions.

- Date: 2024-10-29 · published 2024-10-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/27904-daily-market-wire-30-october-2024-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Poor HRW crop ratings support wheat, but expected rain may limit the rally, and lower crude weighs on vegoil and soy complex sentiment.

## Read by commodity

- SOY: bearish ▼
- BRENT: bearish ▼
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-30-october-2024/

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