# Markets likely treading water until Aug. 12th - Brownfield Ag News

> An extension grain marketing economist expects corn and soybean markets to trade sideways until the USDA's August 12 report. Mild July weather weakened a corn weather rally that had pushed futures above $4. The trade is awaiting USDA's resurvey of planted acres, which could move prices sharply in either direction.

- Date: 2019-07-29 · published 2019-07-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/58128-markets-likely-treading-water-until-aug-12th-brownfield-ag-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The acreage resurvey is the next major catalyst, and the outcome is uncertain, so buyers face two-way risk. Soybeans face headwinds from large supplies and weak Chinese demand, which favors a bearish soy outlook.

## Read by commodity

- SOY: bearish ▼
- CORN: neutral

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/markets-likely-treading-water-until-aug-12th/

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