# Global markets seek direction after benign WASDE - Grain Central

> The November WASDE contained no major surprises, with a small global wheat production increase of about 300,000 tonnes. Australian wheat output was cut by 800,000 tonnes, and Argentine production was cut by 500,000 tonnes. CBOT December wheat fell to 510.25 cents per bushel and soybeans closed lower.

- Date: 2019-11-12 · published 2019-11-12T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/56020-global-markets-seek-direction-after-benign-wasde-grain-central
- 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

Offsetting changes in global wheat production left the market without a clear direction, with prices trending lower since mid-October. Lower soybean futures reflect weak sentiment rather than a new supply change.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 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) | -1.3% | -4.6% |
| CORN | 2026-01-01 | [Brazil soy boom may crash global grain markets](https://feedsoft.ai/events/21533-brazil-soy-boom-may-crash-global-grain-markets.md) | +0.6% | -0.9% |
| CORN | 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) | +0.9% | -1.2% |
| CORN | 2019-12-10 | [Grain markets yawn at latest WASDE data](https://feedsoft.ai/events/55513-grain-markets-yawn-at-latest-wasde-data.md) | +4.3% | +3.9% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/global-markets-seek-direction-after-benign-wasde/

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