# Market Closes - August 1, 2019 - Kentucky Farm Bureau

> Grain and livestock futures closed lower on August 1, 2019 after President Trump announced a 10% tariff on $300 billion of Chinese goods effective September 1. US equities swung from up 1% to down 1%, and crude oil fell about $4 per barrel. Lean hogs closed sharply lower after limit-down losses the prior day.

- Date: 2019-08-01 · published 2019-08-01T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/6039-market-closes-august-1-2019-kentucky-farm-bureau
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

New tariffs threaten US feed grain and pork export demand and weigh on sentiment across the complex. Lower crude also cuts ethanol margins, which pressures corn.

## Read by commodity

- SOY: bearish ▼
- WTI: bearish ▼
- CORN: bearish ▼
- HOGS: bearish ▼
- WHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2019-08-05 | 1 | -4.1% | -5.5 | Grain futures fell on Aug 1 after the tariff announcement, adding to bearish trade sentiment ahead of the Aug 5 drop, though the timing is earlier than the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-05-06 | [Market Closes - May 6, 2019 - Kentucky Farm Bureau](https://feedsoft.ai/events/7487-market-closes-may-6-2019-kentucky-farm-bureau.md) | -3.2% | +10.5% |
| CORN | 2018-05-14 | [Market Closes - May 16, 2018 - Kentucky Farm Bureau](https://feedsoft.ai/events/10234-market-closes-may-16-2018-kentucky-farm-bureau.md) | +1.7% | -1.8% |
| CORN | 2018-04-26 | [Market Closes - April 26, 2018 - Kentucky Farm Bureau](https://feedsoft.ai/events/10864-market-closes-april-26-2018-kentucky-farm-bureau.md) | +1.5% | +4.7% |
| CORN | 2018-06-20 | [Tariff Threats Roil Crop Markets \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/10572-tariff-threats-roil-crop-markets-farm-bureau-intel-markets-american-farm-bureau.md) | -0.2% | -1.5% |
| CORN | 2019-05-23 | [News Archives for Markets - 2019-05-23 - Business Recorder](https://feedsoft.ai/events/5436-news-archives-for-markets-2019-05-23-business-recorder.md) | +3.7% | +7.9% |
| SOY | 2019-05-06 | [Market Closes - May 6, 2019 - Kentucky Farm Bureau](https://feedsoft.ai/events/7487-market-closes-may-6-2019-kentucky-farm-bureau.md) | -3.9% | +6.0% |
| SOY | 2018-05-14 | [Market Closes - May 16, 2018 - Kentucky Farm Bureau](https://feedsoft.ai/events/10234-market-closes-may-16-2018-kentucky-farm-bureau.md) | +0.4% | -4.1% |
| SOY | 2018-04-26 | [Market Closes - April 26, 2018 - Kentucky Farm Bureau](https://feedsoft.ai/events/10864-market-closes-april-26-2018-kentucky-farm-bureau.md) | +0.5% | +1.1% |

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-august-1-2019/

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