# U.S. grains: Corn drops to nearly one-year low - Grainews

> Chicago December corn fell to a near one-year low on technical selling and easing dry-weather concerns, and CBOT wheat contracts hit lifetime lows. Soyoil and palm oil gained ahead of a US decision on countervailing duties on Argentine and Indonesian biodiesel imports. The USDA raised US soybean crop condition ratings.

- Date: 2017-08-21 · published 2017-08-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11617-u-s-grains-corn-drops-to-nearly-one-year-low-grainews
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower grain prices and easing weather risk reduce feed costs. Higher soyoil and palm oil reflect pending biodiesel trade duties, which could tighten vegetable oil supply and support meal and oil values.

## Read by commodity

- SBO: bullish ▲
- CORN: bearish ▼
- WHEAT: bearish ▼
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2017-08-21 | 1 | -3.4% | -3.1 | Same-day report that CBOT wheat hit lifetime lows alongside technical selling in corn, directly describing the 21 August drop and sentiment-driven liquidation. |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-corn-drops-to-nearly-one-year-low/

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