# Daily Market Wire 13 August 2024 - Grain Central

> Daily market wrap for August 13 shows most grain and oilseed futures easing about one percent, with Chicago December corn down 6 cents and soybeans down 16.5 cents. The commentary cites USDA's August WASDE, which raised U.S. soybean production and ending stocks and lowered U.S. wheat production.

- Date: 2024-08-12 · published 2024-08-12T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/28715-daily-market-wire-13-august-2024-grain-central
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The wrap reflects the bearish reaction to larger soybean supplies, which pressures soybean meal costs for feed buyers. Wheat was mixed as lower U.S. production offset weaker global prices.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2024-08-15 | 5 | -8.7% | -3.8 | The market wrap shows soybeans down 16.5 cents after the WASDE raised production and stocks, confirming the price reaction. |

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-13-august-2024/

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