# Daily Market Wire 17 December 2019 - Grain Central

> Chicago, Kansas City, Minneapolis and MATIF wheat, corn and soybeans closed sharply higher as shorts covered amid optimism over a US-China trade deal. Winnipeg canola and MATIF rapeseed also rose, and crude oil was steady. Rumoured Chinese purchases may include ethanol, meat and grains, but no formal details have emerged.

- Date: 2019-12-17 · published 2019-12-17T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/6297-daily-market-wire-17-december-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), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Short covering and trade optimism lift grain and oilseed prices, though the lack of confirmed purchase details leaves the rally vulnerable to reversal.

## Read by commodity

- SOY: bullish ▲
- WTI: neutral
- CORN: bullish ▲
- BRENT: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲
- CANMEAL: bullish ▲

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-17-december-2019/
- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-18-december-2019/

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