# Western Corn Belt faces grain storage crunch - Agweek | #1 source for agriculture news, farming, markets

> Grain storage is at a premium in the western Corn Belt due to a record crop, low grain prices and wide basis linked to the US-China trade war. Soybean basis in Nebraska is historically wide, with some elevators halting bids and deferred contracts.

- Date: 2018-09-24 · published 2018-09-24T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/63059-western-corn-belt-faces-grain-storage-crunch-agweek-1-source-for-agriculture
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Wide basis and storage shortages depress farm-gate prices and disrupt cash grain flows, while trade uncertainty keeps soybean export demand weak.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2018-06-24 | [Trade wars leave farming as a casualty - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/64502-trade-wars-leave-farming-as-a-casualty-agweek-1-source-for-agriculture-news.md) | -4.0% | -5.2% |
| SOY | 2020-03-09 | [Farm groups focus on trade, biofuels at Commodity Classic - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/54197-farm-groups-focus-on-trade-biofuels-at-commodity-classic-agweek-1-source-for.md) | -4.1% | -3.3% |
| SOY | 2018-03-26 | [Ag sector worries Trump tariffs, tactics may spark trade war with China - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/65990-ag-sector-worries-trump-tariffs-tactics-may-spark-trade-war-with-china-agweek-1.md) | +0.7% | -0.7% |
| SOY | 2022-07-07 | [Canada fertilizer sales to Brazil soar as farmers gear up for next crop season - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/40808-canada-fertilizer-sales-to-brazil-soar-as-farmers-gear-up-for-next-crop-season.md) | +0.5% | -1.4% |
| CORN | 2018-06-24 | [Trade wars leave farming as a casualty - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/64502-trade-wars-leave-farming-as-a-casualty-agweek-1-source-for-agriculture-news.md) | -1.1% | -3.7% |
| CORN | 2019-08-02 | [August prices start off with new lows — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/6040-august-prices-start-off-with-new-lows-this-week-in-the-grain-markets.md) | -1.3% | -7.0% |
| 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% |

## Sources

- agweek.com: https://www.agweek.com/business/western-corn-belt-faces-grain-storage-crunch

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