# Grain market update: prices fluctuate ahead of WASDE report - 12 August 2016 Premium

> European grain markets were waiting on the August 12 WASDE, with MATIF wheat and maize firmer recently. France cut its soft wheat yield estimate sharply, forecasting a near 12 million tonne drop in domestic wheat output to 29.1 million tonnes, while Baltic wheat is seen down about 10%. Russian yields are strong, though quality is reported as below average.

- Date: 2016-08-12 · published 2016-08-12T12:00:00.000Z
- Category: weather · region Europe · magnitude high
- Page: https://feedsoft.ai/events/9953-grain-market-update-prices-fluctuate-ahead-of-wasde-report-12-august-2016
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Sharp European wheat shortfalls tighten supply and support wheat prices, partly offset by a strong Russian crop and heavy US corn and soybean supplies.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-08-05 | [Checking the 2021/22 Global Wheat Crop Ahead of August WASDE Report](https://feedsoft.ai/events/45510-checking-the-2021-22-global-wheat-crop-ahead-of-august-wasde-report.md) | -2.5% | +0.3% |
| WHEAT | 2020-08-16 | [Grain Market Update 17th August - Irish Farmers' Association](https://feedsoft.ai/events/11342-grain-market-update-17th-august-irish-farmers-association.md) | +0.9% | +11.1% |
| WHEAT | 2022-08-30 | [Arable Market Report - 30 August 2022 \| AHDB](https://feedsoft.ai/events/40115-arable-market-report-30-august-2022-ahdb.md) | -2.3% | +2.6% |
| WHEAT | 2017-05-02 | [Grain prices: wheat futures bounce back - 02 May 2017 Premium](https://feedsoft.ai/events/6139-grain-prices-wheat-futures-bounce-back-02-may-2017-premium.md) | -2.3% | -1.4% |
| WHEAT | 2018-06-06 | [Grain report: weather market is now increasingly sensitive  -  Premium](https://feedsoft.ai/events/64588-grain-report-weather-market-is-now-increasingly-sensitive-premium.md) | +0.2% | -6.4% |
| CORN | 2018-06-06 | [Grain report: weather market is now increasingly sensitive  -  Premium](https://feedsoft.ai/events/64588-grain-report-weather-market-is-now-increasingly-sensitive-premium.md) | -1.8% | -7.2% |
| CORN | 2024-08-01 | [Market Perspectives - August 1, 2024 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/12103-market-perspectives-august-1-2024-u-s-grains-and-bioproducts-council.md) | -0.1% | -3.8% |
| CORN | 2016-06-23 | [Weather Markets in Full Play as Grain Prices Plummet - Northern Ag Network](https://feedsoft.ai/events/9746-weather-markets-in-full-play-as-grain-prices-plummet-northern-ag-network.md) | -3.5% | -5.7% |

## Sources

- farmersjournal.ie: https://www.farmersjournal.ie/tillage/markets/grain-market-update-prices-fluctuate-ahead-of-wasde-report-220146

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