# Corn falls from Aug high, U.S. harvest delays cap losses | Financial Post

> US corn futures edged lower after retreating from a two-month high, though harvest delays limited losses. Oil fell after China released gasoline and diesel reserves, and the dollar firmed on inflation-driven expectations of earlier Fed rate hikes.

- Date: 2021-11-01 · published 2021-11-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/44074-corn-falls-from-aug-high-u-s-harvest-delays-cap-losses-financial-post
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Harvest delays tighten nearby US corn supply, while a firmer dollar and weaker oil add mixed pressure on grain and feed-ingredient prices.

## Read by commodity

- DXY: bullish ▲
- SOY: neutral
- WTI: bearish ▼
- CORN: bullish ▲
- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WTI | 2021-11-03 | 1 | -3.3% | -4.2 | Oil fell after China released gasoline and diesel reserves and the dollar firmed on earlier Fed hike expectations, which are supply and currency pressures that plausibly carried into the Nov 3 decline. |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/corn-falls-from-aug-high-u-s-harvest-delays-cap-losses

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