# Daily market wire 13 July 2017 - Grain Central

> Grains and oilseeds closed lower on Friday as improved weather and a slightly negative USDA report weighed on markets. Corn was the main drag, and old-crop soybean carryout came in 540 kmt below expectations. Canola fell sharply on currency moves and weakness in outside markets.

- Date: 2017-07-12 · published 2017-07-12T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/6478-daily-market-wire-13-july-2017-grain-central
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Improved weather and a bearish corn report lower near-term feed grain prices. The tighter soybean balance sheet may support soybean meal if weather turns dry again.

## Read by commodity

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

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-13-july-2017/

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