# MERCANTILE Blog: Market Insight June 12, 2017 | Mercantile Consulting

> A market commentary on the June 12 WASDE says the report contained no unexpected or bullish figures apart from a lower soybean stocks number. Funds bought corn, hard wheat numbers and crop conditions were supportive, and Canadian canola deliveries reached a record 17 million tonnes year to date. The author expects volatility during the current weather market.

- Date: 2017-06-12 · published 2017-06-12T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/70426-mercantile-blog-market-insight-june-12-2017-mercantile-consulting
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Ample overall stocks limit upside, but the fund buying in corn and hard wheat and the strong Canadian canola supply shape near-term price swings. Canola supply is ample, which weighs on canola meal.

## Read by commodity

- CORN: bullish ▲
- KWHEAT: bullish ▲
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-12-27 | [Grains Report 12/27/2024 - Market InsightsMarket Insights](https://feedsoft.ai/events/10455-grains-report-12-27-2024-market-insightsmarket-insights.md) | -0.5% | +5.6% |
| CORN | 2020-06-12 | [Daily Market Wire 12 June 2020 - Grain Central](https://feedsoft.ai/events/4927-daily-market-wire-12-june-2020-grain-central.md) | +0.2% | +1.6% |
| CORN | 2025-01-24 | [Grains Report 01/24/2025 - Market InsightsMarket Insights](https://feedsoft.ai/events/6893-grains-report-01-24-2025-market-insightsmarket-insights.md) | -0.2% | +3.3% |
| CORN | 2024-03-28 | [Grains Report 03/28/2024 - Market InsightsMarket Insights](https://feedsoft.ai/events/31242-grains-report-03-28-2024-market-insightsmarket-insights.md) | -2.0% | -3.8% |
| CORN | 2025-08-05 | [Grains Report 08/05/2025 - Market InsightsMarket Insights](https://feedsoft.ai/events/23372-grains-report-08-05-2025-market-insightsmarket-insights.md) | -0.5% | +2.8% |
| KWHEAT | 2018-06-27 | [Daily Market Wire 29 June 2018 - Grain Central](https://feedsoft.ai/events/8585-daily-market-wire-29-june-2018-grain-central.md) | +0.9% | +18.1% |
| KWHEAT | 2021-08-13 | [WASDE update: Wheat market continues to tighten \| articles \| ING THINK](https://feedsoft.ai/events/45502-wasde-update-wheat-market-continues-to-tighten-articles-ing-think.md) | -3.1% | -8.5% |
| KWHEAT | 2020-06-30 | [Daily Market Wire 30 June 2020 - Grain Central](https://feedsoft.ai/events/52723-daily-market-wire-30-june-2020-grain-central.md) | +1.7% | +1.9% |

## Sources

- mercantileventure.com: https://mercantileventure.com/mercantile-blog-market-insight-june-12-2017/

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