# Daily market wire 28 July 2017 - Grain Central

> Overnight markets showed slight gains in grains and mixed oilseeds. Soybeans firmed as the dry August outlook raised concerns for yields during the key production period. Spring wheat led wheat higher after a crop tour estimated yields below USDA's figures.

- Date: 2017-07-27 · published 2017-07-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/7125-daily-market-wire-28-july-2017-grain-central
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Dry August forecasts put soybean and corn yields at risk, supporting prices. Lower spring wheat yield estimates than USDA's add upside pressure to wheat.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2017-07-31 | 5 | +6.7% | 3.0 | Spring wheat led grains higher after a crop tour estimated yields below USDA, tightening expected supply and supporting SRW via spillover. |
| WHEAT | 2017-07-31 | 1 | +3.9% | 4.5 | A crop tour estimate below USDA's yield figures lifted spring wheat and wheat generally, adding supply-driven buying pressure ahead of the 31 July move. |

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-28-july-2017/

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