# Corn down ahead of expected weekend rain - Brownfield Ag News

> Corn futures fell on fund and technical selling, capping a bearish week, as forecasts called for broad Midwest rain. Soybean meal was lower on commercial selling while soybean oil was mostly higher. Mexico bought 228,600 tons of new-crop US soybeans, and China bought no US corn last week.

- Date: 2021-07-09 · published 2021-07-09T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/10341-corn-down-ahead-of-expected-weekend-rain-brownfield-ag-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Rain forecasts ease crop stress during key development stages, reducing the weather premium in corn, and weak export demand from China adds downside pressure. Soybean meal weakness reflects softer crush demand for meal.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-12-13 | [Soybeans, corn down after rain in South America - Brownfield Ag News](https://feedsoft.ai/events/9262-soybeans-corn-down-after-rain-in-south-america-brownfield-ag-news.md) | -0.1% | +0.8% |
| CORN | 2018-06-11 | [Rain in much of Midwest sends soybeans, corn lower - Brownfield Ag News](https://feedsoft.ai/events/8247-rain-in-much-of-midwest-sends-soybeans-corn-lower-brownfield-ag-news.md) | -3.5% | -5.6% |
| CORN | 2016-06-22 | [Rain, stronger dollar especially hard on the corn market - Brownfield Ag News](https://feedsoft.ai/events/9749-rain-stronger-dollar-especially-hard-on-the-corn-market-brownfield-ag-news.md) | -2.1% | -5.4% |
| CORN | 2023-12-04 | [Yields surprise in dry sections of Corn Belt - Brownfield Ag News](https://feedsoft.ai/events/13226-yields-surprise-in-dry-sections-of-corn-belt-brownfield-ag-news.md) | +1.7% | +3.1% |
| CORN | 2017-07-13 | [Big drop for corn, soybeans, and wheat - Brownfield Ag News](https://feedsoft.ai/events/6475-big-drop-for-corn-soybeans-and-wheat-brownfield-ag-news.md) | +0.3% | -1.2% |
| SBM | 2021-12-13 | [Soybeans, corn down after rain in South America - Brownfield Ag News](https://feedsoft.ai/events/9262-soybeans-corn-down-after-rain-in-south-america-brownfield-ag-news.md) | +1.5% | +14.6% |
| SBM | 2018-06-11 | [Rain in much of Midwest sends soybeans, corn lower - Brownfield Ag News](https://feedsoft.ai/events/8247-rain-in-much-of-midwest-sends-soybeans-corn-lower-brownfield-ag-news.md) | -5.3% | -7.3% |
| SBM | 2017-07-13 | [Big drop for corn, soybeans, and wheat - Brownfield Ag News](https://feedsoft.ai/events/6475-big-drop-for-corn-soybeans-and-wheat-brownfield-ag-news.md) | -2.3% | -8.3% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/corn-down-ahead-of-expected-weekend-rain/

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