# Grain markets carry somber tone into new trading week | Iowa Agribusiness Radio Network

> Grain futures moved moderately lower on Monday on better rainfall forecasts and doubts about China's purchase commitments after President Trump said there would be no Phase Two trade deal. An AgMarket.Net analyst said China still needs to buy U.S. corn given its grain shortage.

- Date: 2020-07-13 · published 2020-07-13T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/5291-grain-markets-carry-somber-tone-into-new-trading-week-iowa-agribusiness-radio
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Trade uncertainty over Phase One purchase targets and improved weather outlook pressure corn and soybean prices, though expected Chinese buying could support them later.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-08-05 | [Chinese startle U.S. grain markets \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/6045-chinese-startle-u-s-grain-markets-iowa-agribusiness-radio-network.md) | -2.4% | -8.2% |
| CORN | 2018-03-13 | [U.S. sorghum growers fear China?s actions \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/66065-u-s-sorghum-growers-fear-china-s-actions-iowa-agribusiness-radio-network.md) | -1.8% | +2.8% |
| CORN | 2023-05-10 | [Grain Markets React Negatively to Weaker Chinese Demand, Ukraine Deal Negotiations \| American Ag Network](https://feedsoft.ai/events/11371-grain-markets-react-negatively-to-weaker-chinese-demand-ukraine-deal.md) | -7.0% | -9.7% |
| CORN | 2018-06-01 | [Trade war rhetoric — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/64504-trade-war-rhetoric-this-week-in-the-grain-markets-realagriculture.md) | -2.6% | -8.6% |
| CORN | 2019-08-02 | [August prices start off with new lows — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/6040-august-prices-start-off-with-new-lows-this-week-in-the-grain-markets.md) | -1.3% | -7.0% |
| SOY | 2019-08-05 | [Chinese startle U.S. grain markets \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/6045-chinese-startle-u-s-grain-markets-iowa-agribusiness-radio-network.md) | +2.8% | +0.8% |
| SOY | 2025-05-29 | [US trade ruling puts uncertainty into poultry feed markets - Poultry Network](https://feedsoft.ai/events/24791-us-trade-ruling-puts-uncertainty-into-poultry-feed-markets-poultry-network.md) | -0.3% | -2.5% |
| SOY | 2018-06-01 | [Trade war rhetoric — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/64504-trade-war-rhetoric-this-week-in-the-grain-markets-realagriculture.md) | -4.3% | -15.4% |

## Sources

- iowaagribusinessradionetwork.com: https://iowaagribusinessradionetwork.com/grain-markets-carry-somber-tone-into-new-trading-week/

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