# Tough August hurts crops

> Farm Futures analyst Bryce Knorr says August drought and the Aug. 10 derecho could cut as much as a billion bushels from this year's corn and soybean crops. Corn crop ratings have fallen 6% over the past month, and yields could be as low as 172.9 bushels per acre versus USDA's August 181.2.

- Date: 2020-09-01 · published 2020-09-01T12:00:00.000Z
- Category: weather · region US · magnitude high
- Page: https://feedsoft.ai/events/50964-tough-august-hurts-crops
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A potential billion-bushel shortfall would tighten US feed grain supplies and support cash basis this fall, though large carry-in stocks limit rally potential.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-06-17 | [Seeing Crops Through a Hot, Dry June - farmdoc](https://feedsoft.ai/events/13351-seeing-crops-through-a-hot-dry-june-farmdoc.md) | -4.2% | -4.3% |
| CORN | 2019-10-04 | [Market Reaction to USDA’s August Corn Crop Reports - farmdoc daily](https://feedsoft.ai/events/56592-market-reaction-to-usda-s-august-corn-crop-reports-farmdoc-daily.md) | +0.3% | +0.2% |
| CORN | 2021-08-31 | [Violent August Storms Pound Midwest Crops for the Second Year](https://feedsoft.ai/events/45411-violent-august-storms-pound-midwest-crops-for-the-second-year.md) | -4.6% | -8.1% |
| CORN | 2020-08-27 | [August Field Roundup](https://feedsoft.ai/events/51452-august-field-roundup.md) | +1.6% | +7.0% |
| CORN | 2023-03-08 | [Drought affects crops in Rio Grande do Sul](https://feedsoft.ai/events/13658-drought-affects-crops-in-rio-grande-do-sul.md) | -1.6% | -0.6% |
| SOY | 2022-06-17 | [Seeing Crops Through a Hot, Dry June - farmdoc](https://feedsoft.ai/events/13351-seeing-crops-through-a-hot-dry-june-farmdoc.md) | -5.8% | -12.4% |
| SOY | 2021-08-31 | [Violent August Storms Pound Midwest Crops for the Second Year](https://feedsoft.ai/events/45411-violent-august-storms-pound-midwest-crops-for-the-second-year.md) | -2.8% | -2.1% |
| SOY | 2020-08-27 | [August Field Roundup](https://feedsoft.ai/events/51452-august-field-roundup.md) | +4.7% | +8.8% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/tough-august-hurts-crops

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