# Daily Market Wire 29 November 2018 - Grain Central

> U.S. wheat, corn, soybeans and canola closed higher on November 29, with Kansas wheat up 8.75 cents and soybeans up 15 cents. Support came from an Iraq wheat tender, a weaker dollar and China-U.S. trade optimism ahead of talks.

- Date: 2018-11-27 · published 2018-11-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/9514-daily-market-wire-29-november-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), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Expectations of trade progress and a weaker dollar support grain and meal prices, although record fund long positions in wheat leave the market exposed to a reversal.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2018-11-30 | 1 | +4.4% | 3.0 | Event is dated Nov 27 but describes Nov 29 gains from an Iraq wheat tender, a weaker dollar and US-China trade optimism, which supports demand and sentiment ahead of the Nov 30 move; the date mismatch limits confidence. |
| CORN | 2018-12-03 | 5 | +7.9% | 3.3 | Corn closed higher Nov 29 on trade optimism and a weaker dollar, contributing early in the 5-day window. |

## Sources

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

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