# Daily Market Wire 24 September 2018 - Grain Central

> CBOT and Kansas wheat finished slightly lower on Friday while corn rose 4.75c and soybeans fell 3c. Fund selling pressured wheat on thin volumes, while funds were heavily short corn and covered positions. Russia's harvest was 73% complete and Ikar cut its Russian wheat crop forecast to 69.2Mt.

- Date: 2018-09-23 · published 2018-09-23T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/63067-daily-market-wire-24-september-2018-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A cut to Russian wheat output and possible Iraqi tender demand support wheat prices, while corn's short-covering rally reflects doubts about the USDA's record yield. Feed buyers should watch the wheat-corn spread as wheat becomes a feed substitute.

## Read by commodity

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

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-24-september-2018/

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