# Daily Market Wire 30 October 2018 - Grain Central

> CBOT wheat rose 2 cents to 507.25 cents per bushel while corn fell 1 cent and soybeans fell 6 cents on October 30. Wheat opened higher on a single GASC cargo but gave back gains, and corn was pressured by weak ethanol margins and export competition from Argentina and Ukraine.

- Date: 2018-10-28 · published 2018-10-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/62578-daily-market-wire-30-october-2018-grain-central
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Weak US ethanol margins and export competition signal softer domestic corn demand, which keeps corn prices under pressure.

## Read by commodity

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

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-1-november-2018/
- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-29-october-2018/
- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-30-october-2018/

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