# Daily Market Wire 1 October 2020 - Grain Central

> The Daily Market Wire from October 1 reports sharp overnight gains in Chicago, Kansas, and Minneapolis wheat, corn, and soybeans after USDA's stocks and production reports came in well outside expectations. USDA put September 1 corn stocks at 1.99 billion bushels against a 2.25 billion trade estimate, and soybean stocks at 523 million against 576 million expected.

- Date: 2020-10-01 · published 2020-10-01T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/50597-daily-market-wire-1-october-2020-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Stocks well below trade expectations across corn, soybeans, and wheat support prices for all three grains.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-09-30 | [Daily Market Wire 1 October 2021 - Grain Central](https://feedsoft.ai/events/45040-daily-market-wire-1-october-2021-grain-central.md) | +5.6% | +8.7% |
| WHEAT | 2020-06-30 | [Daily Market Wire 30 June 2020 - Grain Central](https://feedsoft.ai/events/52723-daily-market-wire-30-june-2020-grain-central.md) | -7.0% | -5.2% |
| WHEAT | 2018-06-27 | [Daily Market Wire 29 June 2018 - Grain Central](https://feedsoft.ai/events/8585-daily-market-wire-29-june-2018-grain-central.md) | -4.3% | +1.3% |
| WHEAT | 2020-03-23 | [COCERAL cuts 2020 EU grain estimate market report](https://feedsoft.ai/events/54066-coceral-cuts-2020-eu-grain-estimate-market-report.md) | -6.6% | -4.4% |
| WHEAT | 2020-08-26 | [Coceral cuts EU grain harvest 2020 again market report](https://feedsoft.ai/events/51572-coceral-cuts-eu-grain-harvest-2020-again-market-report.md) | -1.7% | +7.4% |
| SOY | 2020-06-12 | [Daily Market Wire 12 June 2020 - Grain Central](https://feedsoft.ai/events/4927-daily-market-wire-12-june-2020-grain-central.md) | +0.8% | +2.9% |
| SOY | 2020-06-30 | [Daily Market Wire 30 June 2020 - Grain Central](https://feedsoft.ai/events/52723-daily-market-wire-30-june-2020-grain-central.md) | +3.3% | +3.5% |
| SOY | 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) | +1.6% | -1.7% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-1-october-20/
- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-2-october-20/

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