# Daily Market Wire 1 November 2019 - Grain Central

> UK feed wheat futures rose modestly on Oct 23 while US wheat hit three-month highs on a smaller US maize crop outlook. China offered a 10 million tonne tariff-free soybean import quota to major processors, and Chinese buyers were choosing cheaper Brazilian beans.

- Date: 2019-10-31 · published 2019-10-31T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/56603-daily-market-wire-1-november-2019-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 (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A tighter US maize crop supports feed grain prices, while the Chinese quota reduces US soybean demand pressure relative to Brazil.

## Read by commodity

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

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-1-november-2019/

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