# Corn market still mulling impacts of derecho, Chinese buying spree | 2020-09-01  | Agri-Pulse Communications, Inc.

> Corn prices have been slow to respond to Chinese purchases of US corn and to the derecho that hit Iowa. RaboResearch estimates the storm could cut national yield by 2-4% and leave ending stocks around 2.5 billion bushels.

- Date: 2020-09-02 · published 2020-09-02T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/51137-corn-market-still-mulling-impacts-of-derecho-chinese-buying-spree-2020-09-01
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Large US carry-in stocks limit the upside from Chinese buying and the derecho damage, so feed buyers should expect the supply cushion to keep corn prices contained.

## Read by commodity

- CORN: neutral
- DDGS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-03-09 | [Corn, soy, wheat ending stocks hold steady for March \| 2021-03-09  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/48068-corn-soy-wheat-ending-stocks-hold-steady-for-march-2021-03-09-agri-pulse.md) | -10.3% | -1.3% |
| CORN | 2020-01-10 | [Markets breathe easy with neutral WASDE report \| 2020-01-10  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/55019-markets-breathe-easy-with-neutral-wasde-report-2020-01-10-agri-pulse.md) | -1.0% | -0.7% |
| CORN | 2019-11-08 | [Nation's corn crop is shrinking \| 2019-11-08  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/56017-nation-s-corn-crop-is-shrinking-2019-11-08-agri-pulse-communications-inc.md) | +0.0% | -0.3% |
| CORN | 2020-03-11 | [Study: US farms in better shape due to MFP, but many still face red ink \| 2020-03-10  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/54122-study-us-farms-in-better-shape-due-to-mfp-but-many-still-face-red-ink-2020-03.md) | -6.0% | -3.6% |
| CORN | 2024-02-14 | [Ethanol plants saw strong profits in 2023 \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/31665-ethanol-plants-saw-strong-profits-in-2023-agri-pulse-communications-inc.md) | +0.5% | +3.9% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/14392-corn-market-still-mulling-impacts-of-derecho-chinese-buying-spree

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