# Column: U.S. corn, soy sales at 14-year low with new marketing year days away

> Reuters reported that US corn and soybean sales are at a 14-year low ahead of the new marketing year. Soybean sales are weak amid the ongoing trade war with China, and corn demand is hurt by African swine fever in China, which has reduced feed demand.

- Date: 2019-08-28 · published 2019-08-28T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/5703-column-u-s-corn-soy-sales-at-14-year-low-with-new-marketing-year-days-away
- 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

Weak export commitments and reduced Chinese feed demand from African swine fever point to bearish pressure on US corn and soybean prices and on meal demand.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-01-29 | [Outside news affects market price swing - Farm and Dairy](https://feedsoft.ai/events/55099-outside-news-affects-market-price-swing-farm-and-dairy.md) | -1.2% | -3.0% |
| CORN | 2020-02-07 | [Livestock Markets Strong, Grains Flat, Says CattleFax](https://feedsoft.ai/events/54716-livestock-markets-strong-grains-flat-says-cattlefax.md) | -0.7% | +0.6% |
| CORN | 2017-04-24 | [Midwest corn infected with vomitoxin negatively impacting ethanol producers  : The Daily Digest](https://feedsoft.ai/events/71588-midwest-corn-infected-with-vomitoxin-negatively-impacting-ethanol-producers-the.md) | +0.8% | +4.0% |
| CORN | 2019-10-03 | [Rabobank: ASF to affect markets, flow for 3-5 years](https://feedsoft.ai/events/56564-rabobank-asf-to-affect-markets-flow-for-3-5-years.md) | +2.7% | +0.5% |
| CORN | 2020-03-28 | [Coronavirus hits already struggling US farmers with drop in prices](https://feedsoft.ai/events/7966-coronavirus-hits-already-struggling-us-farmers-with-drop-in-prices.md) | +3.6% | -5.7% |
| SOY | 2022-09-05 | [China’s yuan touches 2-year low on dollar strength, COVID resurgence - Markets - Business Recorder](https://feedsoft.ai/events/12274-china-s-yuan-touches-2-year-low-on-dollar-strength-covid-resurgence-markets.md) | +2.6% | -9.0% |
| SOY | 2019-09-11 | [ASF drives Chinese soy meal consumption to 4-year low \| Feed Strategy](https://feedsoft.ai/events/57087-asf-drives-chinese-soy-meal-consumption-to-4-year-low-feed-strategy.md) | +4.0% | +7.1% |
| SOY | 2020-04-14 | [U.S. grains: Soybeans drop as livestock markets drag soymeal lower - Grainews](https://feedsoft.ai/events/53721-u-s-grains-soybeans-drop-as-livestock-markets-drag-soymeal-lower-grainews.md) | -3.2% | -0.2% |

## Sources

- reuters.com: https://www.reuters.com/article/us-usa-grains-braun/u-s-corn-soy-sales-at-14-year-low-with-new-marketing-year-days-away-braun-idUSKCN1VI00F/

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