# Daily market wire 31 October 2017 - Grain Central

> The October 31 market wrap reports CBOT wheat down 2.5 cents to 424.75c, corn unchanged at 348.75c, and soybeans down 2 cents. Saudi tender purchases of 484,000 tonnes at $221.5-$229.5 were described as cheap, and Ethiopia opened a tender for 400,000 tonnes.

- Date: 2017-10-30 · published 2017-10-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/68497-daily-market-wire-31-october-2017-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Cheap Saudi purchases and a lack of demand catalysts point to continued pressure on wheat, with corn and soybeans also trading flat to lower on heavy stocks.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-31-october-2017/

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