# Daily Market Wire 12 June 2020 - Grain Central

> The USDA's June 2020 WASDE raised world wheat production, pushing Chicago, Kansas and Minneapolis wheat futures lower. Soybean US carryout came in below expectations, China's soybean imports were raised 2 Mt to 94 Mt, and corn carryout was slightly tighter than expected. Brent crude fell US$3.18 to $38.55 on an unexpected inventory build.

- Date: 2020-06-12 · published 2020-06-12T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/4927-daily-market-wire-12-june-2020-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), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher world wheat output is bearish for wheat prices, while tighter US soybean and corn carryout supports those markets. The 30 June stocks and acreage report is the next key catalyst.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-03-11 | [Daily Market Wire 12 March 2025 - Grain Central](https://feedsoft.ai/events/25517-daily-market-wire-12-march-2025-grain-central.md) | +5.7% | +1.9% |
| WHEAT | 2024-07-14 | [Daily Market Wire 15 July 2024 - Grain Central](https://feedsoft.ai/events/29204-daily-market-wire-15-july-2024-grain-central.md) | -3.2% | -2.3% |
| WHEAT | 2025-07-14 | [Daily Market Wire 14 July 2025 - Grain Central](https://feedsoft.ai/events/11931-daily-market-wire-14-july-2025-grain-central.md) | -1.6% | -2.0% |
| WHEAT | 2019-05-12 | [Daily Market Wire 13 May 2019 - Grain Central](https://feedsoft.ai/events/5739-daily-market-wire-13-may-2019-grain-central.md) | -0.4% | +4.7% |
| WHEAT | 2022-01-12 | [Daily Market Wire 13 January 2022 - Grain Central](https://feedsoft.ai/events/43098-daily-market-wire-13-january-2022-grain-central.md) | +3.9% | +2.0% |
| KWHEAT | 2025-07-14 | [Daily Market Wire 14 July 2025 - Grain Central](https://feedsoft.ai/events/11931-daily-market-wire-14-july-2025-grain-central.md) | +4.9% | +2.8% |
| KWHEAT | 2024-07-12 | [Grain Market Summary 7.12.24](https://feedsoft.ai/events/9374-grain-market-summary-7-12-24.md) | -4.8% | -6.7% |
| KWHEAT | 2020-06-29 | [Wheat Market Outlook – June 29th, 2020 \| Sask Wheat](https://feedsoft.ai/events/52643-wheat-market-outlook-june-29th-2020-sask-wheat.md) | +2.7% | +4.3% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-12-june-2020-2/

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