# For Corn, 'Where She Closes Is Where She Goeses?'

> December corn futures traded within a $4.20 to $4.50 range after USDA's July WASDE, which showed corn production 195 million bushels above June and about 375 million above the trade average. The corn market recovered from early weakness to close sharply higher. Wheat also rose after USDA cut foreign wheat production by an unexpected 10 million metric tons.

- Date: 2019-07-11 · published 2019-07-11T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/58047-for-corn-where-she-closes-is-where-she-goeses
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The corn rally reflects skepticism about the large crop estimate, and the foreign wheat cut supports wheat prices for feed buyers.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-02-24 | [USDA cuts corn, raises soy and wheat acreage for 2022](https://feedsoft.ai/events/13389-usda-cuts-corn-raises-soy-and-wheat-acreage-for-2022.md) | +6.5% | +12.3% |
| CORN | 2019-02-15 | [Soybean, corn, wheat - where to look for buying opportunity? \| XTB](https://feedsoft.ai/events/60561-soybean-corn-wheat-where-to-look-for-buying-opportunity-xtb.md) | +0.0% | -2.1% |
| CORN | 2023-09-29 | [It’s been a bad quarter for corn, soybean and wheat prices](https://feedsoft.ai/events/34143-it-s-been-a-bad-quarter-for-corn-soybean-and-wheat-prices.md) | +1.9% | +0.9% |
| CORN | 2017-07-20 | [USDA exports – Sales surge for corn, soybeans and wheat](https://feedsoft.ai/events/69823-usda-exports-sales-surge-for-corn-soybeans-and-wheat.md) | -1.5% | -5.9% |
| CORN | 2024-05-13 | [What are the estimates for soy and corn supplies next season?](https://feedsoft.ai/events/30219-what-are-the-estimates-for-soy-and-corn-supplies-next-season.md) | -0.0% | +0.5% |
| WHEAT | 2023-05-18 | [IGC raises forecast for 2023/24 world corn crop](https://feedsoft.ai/events/7840-igc-raises-forecast-for-2023-24-world-corn-crop.md) | -1.2% | -6.5% |
| WHEAT | 2022-11-01 | [What is the Latest Supply and Demand Situation for U.S. Wheat Classes?](https://feedsoft.ai/events/39160-what-is-the-latest-supply-and-demand-situation-for-u-s-wheat-classes.md) | +7.3% | +7.7% |
| WHEAT | 2017-07-20 | [USDA exports – Sales surge for corn, soybeans and wheat](https://feedsoft.ai/events/69823-usda-exports-sales-surge-for-corn-soybeans-and-wheat.md) | -2.7% | +0.0% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2019/07/11/corn-closes-goeses

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