# Daily Market Wire 10 December 2019 - Grain Central

> Grain settlements on December 9 were mixed, with Chicago wheat down to 522.75c, KC wheat at 426c and corn at 375.75c, while January soybeans gained 7.75c to 897.25c. Optimism over a near-final USMCA deal and Chinese tariff waivers supported oilseeds, while Brent crude fell to $64.25.

- Date: 2019-12-09 · published 2019-12-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/9822-daily-market-wire-10-december-2019-grain-central
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Easing trade tensions support soybean and canola values, while lower crude oil reduces energy-linked support for vegetable oils and biofuel feedstock.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2019-12-09 | 1 | -2.4% | -3.3 | Reports the Dec 9 settlement with Chicago wheat down to 522.75c while oilseeds gained, directly documenting the day's wheat weakness amid a rotation toward soybeans on trade optimism. |

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-10-december-2019/

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