# Midweek Markets: Where are grain prices headed next?

> Farm Futures' midweek market commentary says grain prices fell through early August before a Midwestern derecho storm damaged millions of acres. Analysts question whether USDA has reduced crop ratings enough, and China's buying has been active.

- Date: 2020-08-19 · published 2020-08-19T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/51664-midweek-markets-where-are-grain-prices-headed-next
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Storm damage raising doubts over record crops supports corn and soybean prices, while strong Chinese buying adds demand support.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-10-05 | [Grain Markets Start the Week Higher - ProAg](https://feedsoft.ai/events/11633-grain-markets-start-the-week-higher-proag.md) | +0.6% | +5.8% |
| CORN | 2019-05-18 | [Politics lure prices higher — this week in the grain markets - RealAgriculture](https://feedsoft.ai/events/12126-politics-lure-prices-higher-this-week-in-the-grain-markets-realagriculture.md) | +3.2% | +10.8% |
| CORN | 2018-05-14 | [Higher feed grain prices pressure cattle feeder market - Canadian Cattlemen](https://feedsoft.ai/events/65129-higher-feed-grain-prices-pressure-cattle-feeder-market-canadian-cattlemen.md) | +1.7% | -1.8% |
| CORN | 2022-10-18 | [Weekly Commodities Market Update: Price Gain across Grains](https://feedsoft.ai/events/39199-weekly-commodities-market-update-price-gain-across-grains.md) | -0.9% | -2.3% |
| CORN | 2017-05-20 | [GRAIN MARKETS: Cold and wet forecast for Midwest lifts corn](https://feedsoft.ai/events/10219-grain-markets-cold-and-wet-forecast-for-midwest-lifts-corn.md) | +1.0% | +2.3% |
| SOY | 2020-10-05 | [Grain Markets Start the Week Higher - ProAg](https://feedsoft.ai/events/11633-grain-markets-start-the-week-higher-proag.md) | +4.4% | +3.5% |
| SOY | 2019-05-24 | [Grain market week in review - May 24, 2019](https://feedsoft.ai/events/10897-grain-market-week-in-review-may-24-2019.md) | +6.8% | +9.9% |
| SOY | 2017-06-09 | [Weather fears bolster grain markets against](https://feedsoft.ai/events/70424-weather-fears-bolster-grain-markets-against.md) | -0.3% | +6.2% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/midweek-markets-where-are-grain-prices-headed-next-

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