# August prices start off with new lows — This week in the grain markets - RealAgriculture

> Grain prices fell in the week ending August 2, 2019 after Trump announced a 10% tariff on the remaining $300 billion of Chinese imports. Weaker-than-expected US export sales and cooler forecasts for US growing regions added pressure. Corn lost about 7% in July.

- Date: 2019-08-02 · published 2019-08-02T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/6040-august-prices-start-off-with-new-lows-this-week-in-the-grain-markets
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tariff escalation and reduced Chinese purchases weaken export demand for US grains. Better weather lowers the risk premium, so prices are likely to stay under pressure.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2018-11-17 | [Global trade flows dominate local cash markets — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/11723-global-trade-flows-dominate-local-cash-markets-this-week-in-the-grain-markets.md) | -1.4% | +8.5% |
| CORN | 2018-09-24 | [Western Corn Belt faces grain storage crunch - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/63059-western-corn-belt-faces-grain-storage-crunch-agweek-1-source-for-agriculture.md) | +0.7% | +2.6% |
| CORN | 2025-03-04 | [Grain Markets Sink on Tariff Retaliation: How Long Will It Take To Price It In?](https://feedsoft.ai/events/12568-grain-markets-sink-on-tariff-retaliation-how-long-will-it-take-to-price-it-in.md) | +3.2% | +4.7% |
| CORN | 2020-07-13 | [Grain markets carry somber tone into new trading week \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/5291-grain-markets-carry-somber-tone-into-new-trading-week-iowa-agribusiness-radio.md) | -1.6% | -5.7% |
| 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% |
| SOY | 2018-08-20 | [Farmers ponder grain tariff counter-moves - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/63517-farmers-ponder-grain-tariff-counter-moves-agweek-1-source-for-agriculture-news.md) | -4.5% | -6.6% |
| SOY | 2018-09-24 | [Western Corn Belt faces grain storage crunch - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/63059-western-corn-belt-faces-grain-storage-crunch-agweek-1-source-for-agriculture.md) | -0.2% | +1.1% |

## Sources

- realagriculture.com: https://www.realagriculture.com/2019/08/august-prices-start-off-with-new-lows-this-week-in-the-grain-markets/

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