# U.S. grains: Crop concerns, Chinese buying spark rallies in soy, corn - Grainews

> CBOT corn and soybean futures rallied as Chinese buying grew and crop conditions deteriorated. USDA rated 64% of US corn good-to-excellent, down five points, and soybeans at 69%. Wheat posted sharp gains, reaching its highest since July 24.

- Date: 2020-08-25 · published 2020-08-25T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/51652-u-s-grains-crop-concerns-chinese-buying-spark-rallies-in-soy-corn-grainews
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Falling US crop ratings and strong Chinese export demand support corn and soybean prices, raising feed costs for buyers heading into fall.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2020-09-08 | 5 | +9.7% | 3.9 | Wheat posted sharp gains alongside a corn and soy rally on Chinese buying and crop stress, showing broad grain momentum into the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-07-17 | [U.S. grains: Soy, corn rise on decline in crop conditions - Grainews](https://feedsoft.ai/events/5848-u-s-grains-soy-corn-rise-on-decline-in-crop-conditions-grainews.md) | -0.7% | -0.1% |
| CORN | 2019-05-30 | [U.S. grains: Wheat, corn, soy rally on weather woes - Grainews](https://feedsoft.ai/events/9307-u-s-grains-wheat-corn-soy-rally-on-weather-woes-grainews.md) | -0.9% | +6.0% |
| CORN | 2021-04-13 | [Drought in Plains a Concern for U.S. Corn and Soy Crops](https://feedsoft.ai/events/47437-drought-in-plains-a-concern-for-u-s-corn-and-soy-crops.md) | +1.5% | +23.9% |
| CORN | 2024-09-25 | [U.S. grains: Wheat turns higher on Russia weather worries; soy, corn also rally - Grainews](https://feedsoft.ai/events/5609-u-s-grains-wheat-turns-higher-on-russia-weather-worries-soy-corn-also-rally.md) | +2.6% | +0.5% |
| CORN | 2018-05-22 | [U.S. grains: Wheat rallies on Plains dryness, technical buying - AgCanada](https://feedsoft.ai/events/10917-u-s-grains-wheat-rallies-on-plains-dryness-technical-buying-agcanada.md) | +0.7% | -7.9% |
| SOY | 2018-07-17 | [U.S. grains: Soy, corn rise on decline in crop conditions - Grainews](https://feedsoft.ai/events/5848-u-s-grains-soy-corn-rise-on-decline-in-crop-conditions-grainews.md) | +2.2% | +2.9% |
| SOY | 2019-05-30 | [U.S. grains: Wheat, corn, soy rally on weather woes - Grainews](https://feedsoft.ai/events/9307-u-s-grains-wheat-corn-soy-rally-on-weather-woes-grainews.md) | -0.3% | +2.6% |
| SOY | 2021-04-13 | [Drought in Plains a Concern for U.S. Corn and Soy Crops](https://feedsoft.ai/events/47437-drought-in-plains-a-concern-for-u-s-corn-and-soy-crops.md) | +4.9% | +17.2% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-crop-concerns-chinese-buying-spark-rallies-in-soy-corn/

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