# After the Bell | July 9, 2021 - Pro Farmer

> July corn futures settled 8 1/4 cents lower at $6.29 3/4 and December fell 6 3/4 cents to $5.17, down 11% on the week and the lowest close since May 25. Wetter, milder Midwest weather is providing near-ideal conditions for pollination. USDA's July 12 report is expected to cut 2020-21 corn stocks to 1.008 billion bushels and raise 2021-22 ending stocks to 1.402 billion.

- Date: 2021-07-09 · published 2021-07-09T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/10340-after-the-bell-july-9-2021-pro-farmer
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Benign weather during pollination lowers the yield risk premium, and expected higher new-crop carryout points to ample supply, which pressures corn prices. Soybeans are also under pressure, though they were supported by export demand expectations.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-08-20 | [After the Bell \| Aug. 20, 2021 - Pro Farmer](https://feedsoft.ai/events/12606-after-the-bell-aug-20-2021-pro-farmer.md) | +0.4% | -6.4% |
| CORN | 2022-01-05 | [After the Bell \| January 5, 2022 - Pro Farmer](https://feedsoft.ai/events/5771-after-the-bell-january-5-2022-pro-farmer.md) | +1.5% | +4.5% |
| CORN | 2022-01-15 | [After the Bell \| January 14, 2022 - Pro Farmer](https://feedsoft.ai/events/7367-after-the-bell-january-14-2022-pro-farmer.md) | -0.5% | +6.0% |
| CORN | 2021-06-14 | [Ahead of the Open - Pro Farmer](https://feedsoft.ai/events/6264-ahead-of-the-open-pro-farmer.md) | -2.8% | -4.2% |
| CORN | 2023-10-24 | [Ahead of the Open \| October 24, 2023 - Pro Farmer](https://feedsoft.ai/events/10316-ahead-of-the-open-october-24-2023-pro-farmer.md) | -4.3% | -4.8% |
| SOY | 2021-08-20 | [After the Bell \| Aug. 20, 2021 - Pro Farmer](https://feedsoft.ai/events/12606-after-the-bell-aug-20-2021-pro-farmer.md) | +3.4% | -2.9% |
| SOY | 2021-09-17 | [After the Bell \| September 17, 2021 - Pro Farmer](https://feedsoft.ai/events/6384-after-the-bell-september-17-2021-pro-farmer.md) | -0.9% | -6.9% |
| SOY | 2022-01-15 | [After the Bell \| January 14, 2022 - Pro Farmer](https://feedsoft.ai/events/7367-after-the-bell-january-14-2022-pro-farmer.md) | +3.4% | +15.7% |

## Sources

- profarmer.com: https://www.profarmer.com/news/after-bell/after-bell-july-9-2021

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