# Marketline Report for Tuesday, May 8th - AG INFORMATION NETWORK OF THE WEST

> Grain futures fell on Monday, led by soybeans and corn, with speculative long positions being liquidated ahead of the USDA report. Chicago May wheat dropped 13.5 cents to 515, May corn fell 5.5 cents to 393.75, and NAFTA talk uncertainty and a firmer dollar weighed on sentiment.

- Date: 2018-05-08 · published 2018-05-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7884-marketline-report-for-tuesday-may-8th-ag-information-network-of-the-west
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Fund liquidation and a stronger dollar pressure export-linked grain prices, though traders expect volatility to return around the report.

## Read by commodity

- CORN: bearish ▼
- MILK: bullish ▲
- WHEAT: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2018-05-07 | 1 | -2.7% | -4.1 | Reports Monday's May 7 grain selloff with Chicago wheat down 13.5c, driven by spec long liquidation ahead of USDA, a firmer dollar and NAFTA uncertainty. |

## Sources

- aginfo.net: https://www.aginfo.net/report/39906/Marketline-Report-for-Tuesday-May-8th

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