# Daily Market Wire 30 January 2019 - Grain Central

> US grain futures fell again on January 30, with CBOT wheat down 5 cents, corn down 2 cents and soybeans down 4 cents, while the trade awaited upcoming USDA data. Egypt's GASC booked six cargoes of mid-March wheat, three French and three Romanian, after Russian offers were priced slightly higher. Soft Red Winter wheat was offered at a very high basis, which limited its competitiveness.

- Date: 2019-01-29 · published 2019-01-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/61166-daily-market-wire-30-january-2019-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

US wheat and corn are losing competitiveness in export tenders at elevated basis levels, which weighs on US futures unless export demand firms. Pending USDA data adds near-term uncertainty.

## Read by commodity

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

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-30-january-2019/

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