# Market Report 12th April 2019

> USDA's April S&D data raised world corn ending stocks by 5.5 million tonnes to 314 million and world wheat ending stocks by 5 million to 275.61 million. Sovecon raised its Russian wheat crop estimate to 83.4 million tonnes, and Egypt and Algeria made wheat purchases. US export sales were well below USDA targets.

- Date: 2019-04-12 · published 2019-04-12T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/59547-market-report-12th-april-2019
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher world stocks and a larger Russian crop weigh on wheat and corn prices, while weak US export sales limit US competitiveness. Markets remained within recent ranges.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- tynegrain.co.uk: https://www.tynegrain.co.uk/single-post/2019/04/16/market-report-12th-april-2019

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