# Daily Market Wire 1 October 2024 - Grain Central

> Chicago December corn rose 4 cents to 584 cents, Kansas wheat gained 7 cents, and soybeans fell 8.75 cents. USDA's September Stocks report showed corn stocks of 1.76 billion bushels, below expectations, and wheat production of 1.971 billion bushels. EU rapeseed production was cut further to 16.7 million tonnes.

- Date: 2024-09-30 · published 2024-09-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/28326-daily-market-wire-1-october-2024-grain-central
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Smaller US corn stocks and a cut to EU rapeseed supply support feed-grain and oilseed meal prices, while wheat stocks and production are seen as neutral.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲
- WHEAT: neutral
- KWHEAT: neutral
- CANMEAL: bullish ▲

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-01-october-2024/

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