# Daily Market Wire 17 September 2019 - Grain Central

> Futures rose on Monday after an attack on Saudi Arabia's oilfields lifted crude, with Brent up $8.80 to $69.20 a barrel. Chicago, Kansas and Minneapolis wheat, corn and soybeans all gained, and the Russian ruble weakened, supporting Russian wheat values. Technical analysts said the market was overbought.

- Date: 2019-09-17 · published 2019-09-17T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/9891-daily-market-wire-17-september-2019-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), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The oil spike and weaker ruble lifted grain values through energy linkages and higher Russian export prices. Corn in particular tracks crude through biofuel economics, so the price support depends on whether crude holds its gains.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- BRENT: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-10-31 | [Daily Market Wire 1 November 2022 - Grain Central](https://feedsoft.ai/events/39159-daily-market-wire-1-november-2022-grain-central.md) | -5.6% | +2.4% |
| WHEAT | 2026-09-01 | [Arable Market Report – 1 September 2026 \| AHDB](https://feedsoft.ai/events/12756-arable-market-report-1-september-2026-ahdb.md) | +0.8% | +0.1% |
| WHEAT | 2022-03-29 | [Brazil hopes to be the corn market saviour - Grain Central](https://feedsoft.ai/events/13736-brazil-hopes-to-be-the-corn-market-saviour-grain-central.md) | -9.0% | -3.6% |
| WHEAT | 2022-01-25 | [Frost risk remains for Black Sea crops: Grain market daily \| AHDB](https://feedsoft.ai/events/43080-frost-risk-remains-for-black-sea-crops-grain-market-daily-ahdb.md) | -2.1% | -0.8% |
| WHEAT | 2023-05-16 | [Even lower rapeseed prices next season? Grain market daily \| AHDB](https://feedsoft.ai/events/36057-even-lower-rapeseed-prices-next-season-grain-market-daily-ahdb.md) | -2.2% | -7.3% |
| CORN | 2022-10-31 | [Daily Market Wire 1 November 2022 - Grain Central](https://feedsoft.ai/events/39159-daily-market-wire-1-november-2022-grain-central.md) | -2.2% | -3.8% |
| CORN | 2022-03-29 | [Brazil hopes to be the corn market saviour - Grain Central](https://feedsoft.ai/events/13736-brazil-hopes-to-be-the-corn-market-saviour-grain-central.md) | +2.7% | +4.0% |
| CORN | 2022-12-15 | [Market Perspectives – December 15, 2022 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/5517-market-perspectives-december-15-2022-u-s-grains-and-bioproducts-council.md) | +2.2% | +4.0% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-17-september-2019/

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