# Daily market wire 6 Feb 2017 - Grain Central

> Grains and oilseeds closed lower across the board, with soybeans down 10.25 cents on weak Chinese buying and larger South American crop estimates. Corn fell on limited export demand and farmer selling, while canola dropped after weaker palm and soy oil.

- Date: 2017-02-05 · published 2017-02-05T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/8601-daily-market-wire-6-feb-2017-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), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Weaker Chinese import interest and bigger South American crop forecasts pressure soybean and corn prices, and lower palm and soy oil prices weigh on the oilseed complex.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- CANMEAL: bearish ▼
- PALMOIL: bearish ▼

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-6-feb-2017/
- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-8-feb-2017/

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