# Corn tries to hold the line

> Corn futures hit new monthly lows at the end of July 2019 and were attempting to recover at the start of August. The selling was not tied to the stock sell-off that followed the Federal Reserve's quarter-point rate cut. The Fed signaled the cut was not the start of the longer easing cycle that President Trump wants.

- Date: 2019-08-01 · published 2019-08-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/6042-corn-tries-to-hold-the-line
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Grain prices are mostly driven by their own fundamentals here, so the rate decision has limited direct effect. Expectations of less monetary easing can support the dollar and weigh on commodities.

## Read by commodity

- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-05-16 | [Corn Hands the Baton to Wheat](https://feedsoft.ai/events/10238-corn-hands-the-baton-to-wheat.md) | +0.3% | -4.4% |
| CORN | 2017-03-07 | [The correlation between USD and commodities is now gone: Citi](https://feedsoft.ai/events/71920-the-correlation-between-usd-and-commodities-is-now-gone-citi.md) | -2.2% | -0.2% |
| CORN | 2023-09-22 | [The Global Sugar Shortage Is About to Ease Thanks to a Corn Supply Boom \| Financial Post](https://feedsoft.ai/events/34081-the-global-sugar-shortage-is-about-to-ease-thanks-to-a-corn-supply-boom.md) | +1.4% | +3.0% |
| CORN | 2020-03-01 | [Coronavirus fears dampening canola futures \| The Western Producer](https://feedsoft.ai/events/12542-coronavirus-fears-dampening-canola-futures-the-western-producer.md) | +1.7% | -3.5% |
| CORN | 2017-05-09 | [Goldman Sachs: Why the commodities rally might be different this time](https://feedsoft.ai/events/70919-goldman-sachs-why-the-commodities-rally-might-be-different-this-time.md) | +0.6% | +1.9% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/corn-tries-to-hold-the-line

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