# U.S. grains: Prices down on rains, Ida shuts grain facilities - Grainews

> Chicago grain and soybean futures fell on Monday after favourable rains in the US Farm Belt, with Iowa and Minnesota crops benefiting. Traders also assessed disruptions to US crop exports from Hurricane Ida, and Cargill said Ida damaged a Louisiana terminal. The USDA rated 60% of the corn crop good to excellent.

- Date: 2021-08-30 · published 2021-08-30T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/45598-u-s-grains-prices-down-on-rains-ida-shuts-grain-facilities-grainews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Improved moisture and harvest-related supply expectations weigh on corn and soybean prices, while Ida-related export disruptions offset some of that pressure by slowing shipments.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-10-30 | [U.S. grains: South America rains push soy futures down - Grainews](https://feedsoft.ai/events/33658-u-s-grains-south-america-rains-push-soy-futures-down-grainews.md) | +2.3% | +2.5% |
| SOY | 2019-12-19 | [U.S. grains: Soy futures ease on rains in South American forecasts - Grainews](https://feedsoft.ai/events/55628-u-s-grains-soy-futures-ease-on-rains-in-south-american-forecasts-grainews.md) | +1.0% | +0.1% |
| SOY | 2017-01-03 | [U.S. grains: Soy hits six-week low on South American prospects - Grainews](https://feedsoft.ai/events/73024-u-s-grains-soy-hits-six-week-low-on-south-american-prospects-grainews.md) | 0.0% | +2.8% |
| SOY | 2021-10-21 | [U.S. grains: Soy down on South American weather, technical pressure - AgCanada](https://feedsoft.ai/events/44600-u-s-grains-soy-down-on-south-american-weather-technical-pressure-agcanada.md) | -0.5% | +2.5% |
| SOY | 2019-06-05 | [U.S. grains: Futures plummet on Midwest weather, profit-taking - Grainews](https://feedsoft.ai/events/8688-u-s-grains-futures-plummet-on-midwest-weather-profit-taking-grainews.md) | -2.6% | -0.6% |
| CORN | 2023-10-30 | [U.S. grains: South America rains push soy futures down - Grainews](https://feedsoft.ai/events/33658-u-s-grains-south-america-rains-push-soy-futures-down-grainews.md) | -3.3% | -6.3% |
| CORN | 2017-06-28 | [U.S. grains: Spring wheat futures top US$7 on weather worries - Grainews](https://feedsoft.ai/events/70514-u-s-grains-spring-wheat-futures-top-us-7-on-weather-worries-grainews.md) | +5.6% | +3.0% |
| CORN | 2019-06-05 | [U.S. grains: Futures plummet on Midwest weather, profit-taking - Grainews](https://feedsoft.ai/events/8688-u-s-grains-futures-plummet-on-midwest-weather-profit-taking-grainews.md) | +0.9% | -0.2% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-prices-down-on-rains-ida-shuts-grain-facilities/

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