# It’s a Late Crop | Red River Farm Network

> Market analyst Mike Zuzolo says the US crop is short and vulnerable and the market has been focused on recession fears, global demand and Ukraine returning to export. He expects a price premium phase if dryness continues. He also cites the European corn crop as a key market driver.

- Date: 2022-07-31 · published 2022-07-31T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/40513-it-s-a-late-crop-red-river-farm-network
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A short, vulnerable US crop and weak European corn output point to firmer corn prices and higher feed costs if dryness persists.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-05-09 | [El Nino and La Nina \| Red River Farm Network](https://feedsoft.ai/events/30153-el-nino-and-la-nina-red-river-farm-network.md) | +2.7% | +0.5% |
| CORN | 2021-12-16 | [Cordonnier: A Split Decision \| Red River Farm Network](https://feedsoft.ai/events/13760-cordonnier-a-split-decision-red-river-farm-network.md) | -2.7% | +0.4% |
| CORN | 2020-07-27 | [A Few Dry Pockets Being Watched in U.S. Crop Production \| Red River Farm Network](https://feedsoft.ai/events/51961-a-few-dry-pockets-being-watched-in-u-s-crop-production-red-river-farm-network.md) | -1.6% | +2.2% |
| CORN | 2019-05-31 | [The Start of a Corn Market Rally \| Red River Farm Network](https://feedsoft.ai/events/59125-the-start-of-a-corn-market-rally-red-river-farm-network.md) | -2.5% | +3.0% |
| CORN | 2018-08-29 | [Dry Conditions on Day Two of RRFN Crop Tour \| Red River Farm Network](https://feedsoft.ai/events/63397-dry-conditions-on-day-two-of-rrfn-crop-tour-red-river-farm-network.md) | +2.7% | +4.2% |
| SOY | 2024-05-09 | [El Nino and La Nina \| Red River Farm Network](https://feedsoft.ai/events/30153-el-nino-and-la-nina-red-river-farm-network.md) | +0.1% | -1.1% |
| SOY | 2022-01-26 | [Growing Concerns About the South American Crop \| Red River Farm Network](https://feedsoft.ai/events/43185-growing-concerns-about-the-south-american-crop-red-river-farm-network.md) | +8.6% | +19.0% |
| SOY | 2018-08-29 | [Dry Conditions on Day Two of RRFN Crop Tour \| Red River Farm Network](https://feedsoft.ai/events/63397-dry-conditions-on-day-two-of-rrfn-crop-tour-red-river-farm-network.md) | +0.6% | +3.6% |

## Sources

- rrfn.com: https://www.rrfn.com/2022/07/31/its-a-late-crop/

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