# Daily market wire 16 March 2018 - Grain Central

> Overnight futures showed lower grains and higher oilseeds, with CBOT wheat down about 10 cents and Kansas wheat down about 11 cents. Soybeans rose, and weekly wheat sales came in below expectations at 162,800 tonnes. Egypt's GASC bought 240,000 tonnes of Russian and Romanian wheat.

- Date: 2018-03-15 · published 2018-03-15T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/8011-daily-market-wire-16-march-2018-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Weak wheat sales and a stronger US dollar pressure U.S. wheat prices, while Egypt's purchase supports Black Sea cash values. Soybean strength reflects South American weather concerns.

## Read by commodity

- DXY: bullish ▲
- SOY: bullish ▲
- CORN: bearish ▼
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-16-march-2018/

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