# Farming News - Feed wheat and oilseed rape market update

> ADM Agriculture's head of grain trading said US wheat rose about $2/t on the week after a USDA report on US corn supply and demand trimmed earlier gains. Russia expects a 120 mln t grain crop including 78 mln t wheat, and France raised its soft wheat estimate to 39.7 mln t. Egypt bought 295,000 t of Russian and Ukrainian wheat in its latest tender.

- Date: 2019-10-11 · published 2019-10-11T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/56509-farming-news-feed-wheat-and-oilseed-rape-market-update
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Large Russian and French crops and higher US wheat stocks point to ample global wheat supply, which caps price gains. The Egyptian tender at slightly higher prices shows firm but not tight demand.

## Read by commodity

- CORN: neutral
- WHEAT: neutral

## Sources

- farming.co.uk: https://farming.co.uk/news/feed-wheat-and-oilseed-rape-market-update

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