# Daily market wire 5 Dec 2016 - Grain Central

> CBOT and Kansas wheat and corn gained on the day after being oversold, with some short covering. Soybeans slipped slightly, and traders were looking ahead to the StatsCan and USDA reports.

- Date: 2016-12-04 · published 2016-12-04T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/6324-daily-market-wire-5-dec-2016-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), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

The move is a technical bounce rather than a change in fundamentals, and upcoming government reports could reset direction. Feed buyers should watch the reports more than the day's price moves.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2016-12-05 | 1 | +3.5% | 5.2 | The 5 Dec market wire reports CBOT and Kansas wheat gaining on the day after being oversold, with short covering, which directly matches the 3.53% one-day rally ending 2016-12-05. |

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-5-dec-2016/
- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-6-dec-2016/
- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-7-dec-2016/

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