# Wheat, corn up 3-4 cents; soy steady-down 2 cents - Markets - Business Recorder

> Traders expected modest gains in wheat and corn and a slightly weaker soybean complex ahead of USDA acreage and stocks reports. Statistics Canada put Canadian wheat plantings at 25.0 million acres, below the 25.2 million estimate. Corn rebounded from its lowest level since May 12.

- Date: 2020-06-29 · published 2020-06-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/52653-wheat-corn-up-3-4-cents-soy-steady-down-2-cents-markets-business-recorder
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Pre-report positioning shows limited directional conviction, but the Canadian wheat planting shortfall is a modest supply-side factor. Feed buyers should expect little price change ahead of the USDA data.

## Read by commodity

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

## Sources

- brecorder.com: https://www.brecorder.com/news/40001644

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