# Daily market wire 13 October 2017 - Grain Central

> Chicago wheat fell 2.75 cents on the day after the USDA report, which raised global carryout by 5 million tonnes. Corn gained 3 cents on soybean strength, and soybeans rose 26.5 cents as the report lowered soybean yields.

- Date: 2017-10-12 · published 2017-10-12T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/68419-daily-market-wire-13-october-2017-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)

## Why it matters

Routine overnight price moves show soybeans firming on the USDA yield cut, while wheat stays under pressure from heavy global stocks. Feed buyers should watch soybean and corn spreads.

## Read by commodity

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

## Sources

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

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