# Afternoon Market Recap for August 19, 2021 - Rock River Lumber & Grain

> US corn, soybeans and wheat fell on Thursday, with corn down about 2%, soybeans down 2.5% and most wheat contracts down about 1.25%. The Dow fell 245 points on concerns the Federal Reserve will begin tapering its bond purchases, and crude dropped 3% below $64 a barrel on worries about slower global growth.

- Date: 2021-08-19 · published 2021-08-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11369-afternoon-market-recap-for-august-19-2021-rock-river-lumber-and-grain
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Grain prices followed weakness in broader commodities and equities, and concerns about Fed policy and global growth weighed on sentiment. Prices remain below recent multiyear highs, so further weakness is possible if macro concerns persist.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- rockriverag.com: https://www.rockriverag.com/story-afternoon-market-recap-august-19-2021-22-217048

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