# Daily Market Wire 10 August 2018 - Grain Central

> CBOT wheat fell 5.5 cents to 564.5 cents and Kansas wheat fell 5.75 cents, while corn and soybeans also declined ahead of the USDA report. US export sales of 317,000 tonnes were below expectations, and Jordan and South Korea made feed wheat purchases from the Black Sea. Eastern Australian drought, Canadian heat and a declining EU and Black Sea crop are tightening the global wheat balance.

- Date: 2018-08-09 · published 2018-08-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/8652-daily-market-wire-10-august-2018-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tightening global wheat supply from drought and weaker EU and Black Sea crops supports feed wheat prices despite short-term position squaring. Ongoing Black Sea and Australian shortfalls could firm feed grain costs for buyers.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: neutral
- KWHEAT: neutral

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-10-august-2018/

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