# Daily market wire 9 February 2018 - Grain Central

> Overnight futures were mixed for grains and firmer for oilseeds, with CBOT wheat down 4.25 cents and soybeans up 4.5 cents. The USDA cut global wheat stocks by 1.92 million tonnes, and Brazil's CONAB estimated its corn crop at 88 million tonnes. U.S. corn export sales were above expectations.

- Date: 2018-02-08 · published 2018-02-08T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/66451-daily-market-wire-9-february-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

Routine daily moves reflect the USDA and CONAB revisions, with stronger corn export demand supporting feed grain prices. The soybean gain and wheat weakness are small and mostly reflect short-term positioning.

## Read by commodity

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

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-9-february-2018/

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