# Daily Market Wire 29 June 2018 - Grain Central

> Grains and oilseeds closed lower, with CBOT wheat down 5 cents, corn down 7.5 cents and soybeans down 6.25 cents. EU wheat production was forecast at 146.4 million tonnes, below USDA's 149.4 million, and corn was hit by improved US weather.

- Date: 2018-06-27 · published 2018-06-27T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8585-daily-market-wire-29-june-2018-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Lower EU wheat production estimates and tight major-exporter stocks support wheat prices, while improved US weather and weak export demand pressure corn. Feed buyers should watch wheat for support and corn for further declines.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bullish ▲
- KWHEAT: bullish ▲
- CANMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 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) | -7.0% | -5.2% |
| WHEAT | 2020-10-01 | [Daily Market Wire 1 October 2020 - Grain Central](https://feedsoft.ai/events/50597-daily-market-wire-1-october-2020-grain-central.md) | +2.1% | +3.5% |
| WHEAT | 2021-09-30 | [Daily Market Wire 1 October 2021 - Grain Central](https://feedsoft.ai/events/45040-daily-market-wire-1-october-2021-grain-central.md) | +5.6% | +8.7% |
| WHEAT | 2018-11-12 | [Grain market review: Wheat \| 2018-11-12  \| World Grain](https://feedsoft.ai/events/62073-grain-market-review-wheat-2018-11-12-world-grain.md) | -0.2% | +0.8% |
| WHEAT | 2021-05-04 | [Canadian farmers react to market signals - Grain Central](https://feedsoft.ai/events/47060-canadian-farmers-react-to-market-signals-grain-central.md) | +5.0% | -1.5% |
| SOY | 2019-05-12 | [Daily Market Wire 13 May 2019 - Grain Central](https://feedsoft.ai/events/5739-daily-market-wire-13-may-2019-grain-central.md) | +3.1% | +7.7% |
| SOY | 2021-09-30 | [Daily Market Wire 1 October 2021 - Grain Central](https://feedsoft.ai/events/45040-daily-market-wire-1-october-2021-grain-central.md) | -3.3% | -3.5% |
| SOY | 2025-09-30 | [Global Grain Market: Daily Recap 30.09.2025](https://feedsoft.ai/events/22894-global-grain-market-daily-recap-30-09-2025.md) | +0.7% | +5.6% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-28-june-2018/
- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-29-june-2018/

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