# Grains Report 07/17/2024 - Market InsightsMarket Insights

> Wheat fell in all three US markets after USDA raised winter wheat production estimates and ending stocks rose above trade expectations. Rice closed lower on good growing conditions and rising output, and corn and soybean trends were also reported lower.

- Date: 2024-07-17 · published 2024-07-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4451-grains-report-07-17-2024-market-insightsmarket-insights
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher US wheat supply and ample rice output weigh on prices, while Trump's tariff comments add pressure on US farm export demand expectations.

## Read by commodity

- RICE: bearish ▼
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| RICE | 2024-07-17 | 5 | -26.9% | -8.2 | Grains report on 7/17 shows rice closing lower on good growing conditions and rising output, reflecting bearish sentiment on the date of the move. |
| RICE | 2024-07-19 | 5 | -27.2% | -7.9 | Rice closed lower on good growing conditions and rising output, a supply-driven bearish sentiment within the window. |

## Sources

- blog.pricegroup.com: https://blog.pricegroup.com/2024/07/17/grains-report-07-17-2024/
- blog.pricegroup.com: https://blog.pricegroup.com/2024/07/19/grains-report-07-19-2024/

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