# US corn futures fall for sixth session on Midwest rainfall - Fastmarkets

> US corn futures fell for a sixth straight session on June 26 as rain continued across Midwest growing areas. Some plants in Iowa, Minnesota and South Dakota declared force majeure because flooded rail tracks prevented grain movement. July CBOT corn slipped to $4.22 per bushel.

- Date: 2024-06-27 · published 2024-06-27T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/29805-us-corn-futures-fall-for-sixth-session-on-midwest-rainfall-fastmarkets
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Rail disruptions in the northwest Corn Belt slow grain movement and can widen basis, while the bearish futures reaction reflects ample supplies. Buyers may see cheaper corn futures but tighter local delivery logistics.

## Read by commodity

- CORN: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2024-06-24 | 1 | -3.1% | -3.3 | Reports corn futures falling for a sixth straight session as Midwest rain persisted, so it confirms the downtrend and weather-premium unwind, but it is dated after the move date. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-08-16 | [Mississippi River Congestion Still Weighs on Soybean Market](https://feedsoft.ai/events/57485-mississippi-river-congestion-still-weighs-on-soybean-market.md) | +0.3% | -2.2% |
| CORN | 2024-01-05 | [US Gulf shipping costs climb for corn, soy \| World Grain](https://feedsoft.ai/events/16574-us-gulf-shipping-costs-climb-for-corn-soy-world-grain.md) | -1.5% | -2.4% |
| CORN | 2022-11-15 | [What is driving corn price volatility today - Fastmarkets](https://feedsoft.ai/events/38708-what-is-driving-corn-price-volatility-today-fastmarkets.md) | -1.3% | -5.1% |
| CORN | 2022-07-27 | [Ukraine's Odessa port set to see first corn shipment since Russia's invasion \| S&P Global](https://feedsoft.ai/events/14473-ukraine-s-odessa-port-set-to-see-first-corn-shipment-since-russia-s-invasion-s.md) | +3.1% | +5.3% |
| CORN | 2026-10-22 | [Rising Ocean Freight Raises Costs for U.S. Grain - RFD-TV](https://feedsoft.ai/events/17245-rising-ocean-freight-raises-costs-for-u-s-grain-rfd-tv.md) | -1.2% | — |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/us-corn-futures-fall-for-sixth-session-on-midwest-rainfall/

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