# US harvest pressure weighs on prices: Grain market daily | AHDB

> Most global grain and oilseed futures fell on Sept. 20, 2021, as US maize and soybean harvests advanced, crude oil dropped, and the US dollar strengthened. Nov-21 UK feed wheat fell GBP 1.50 to GBP 188.80/t and Nov-21 Paris rapeseed fell EUR 1.50 to EUR 599.25/t. US maize harvest reached 10% complete.

- Date: 2021-09-21 · published 2021-09-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/6380-us-harvest-pressure-weighs-on-prices-grain-market-daily-ahdb
- 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

Seasonal harvest pressure and a firmer dollar are removing risk premium from grain and oilseed prices in the short term. Low global stocks and La Niña uncertainty for South America still support prices longer term.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2021-09-20 | 1 | -4.1% | -5.1 | Global grain futures fell on Sept. 20 on US harvest progress, lower crude oil and a stronger US dollar, which weigh on wheat via spillover from corn, energy and currency channels. |
| CORN | 2021-09-20 | 1 | -5.5% | -4.0 | Advancing US harvest (10% complete), weaker crude oil and a stronger US dollar pressured corn via seasonal supply, ethanol demand and export competitiveness channels. |

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/us-harvest-pressure-weighs-on-prices-grain-market-daily

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