# Grain markets defy falling equities to trend higher - Grain Central

> US wheat and CBOT corn finished modestly higher despite volatility in stocks and currencies. Drivers included dryness on the US Plains, a rising Black Sea cash market and a technical breakout. The February WASDE report contained no major surprises for wheat, and the Australian crop estimate was unchanged at 21.5 Mt.

- Date: 2018-02-12 · published 2018-02-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/66567-grain-markets-defy-falling-equities-to-trend-higher-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Dry US Plains weather and firm Black Sea prices support wheat and corn values, while an unchanged WASDE leaves the trend intact.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Sources

- graincentral.com: https://www.graincentral.com/cropping/does-the-bull-market-have-a-payoff-for-australian-wheat-growers-2/

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