# Daily market wire 7 May 2018 - Grain Central

> CBOT wheat fell 11.75c to 526.25c and Kansas wheat fell 12c on Friday as improved US, Australian and Russian weather forecasts and US wheat at import parity weighed on prices. Corn eased 1.75c to 406.25c while soybeans dropped 16.5c, with the market awaiting the May 10 WASDE report.

- Date: 2018-05-07 · published 2018-05-07T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/7881-daily-market-wire-7-may-2018-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), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Improved weather in major exporting regions and competitive US wheat pressure lower near-term wheat values, while the upcoming WASDE report is a key catalyst for corn and soybeans.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-may-10/
- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-may-7/
- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-may-9/

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