# Corn climbs as USDA holds quality ratings steady

> Corn futures rose about 1.4% on July 31, extending gains to a tenth session in 13, after USDA held good-to-excellent corn ratings at 72% for the week ending July 29, with Illinois cut to 80% and Missouri to 33%. Corn export inspections for the new marketing year reached 51.5 million tonnes versus 54.5 million a year earlier.

- Date: 2018-07-31 · published 2018-07-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/64051-corn-climbs-as-usda-holds-quality-ratings-steady
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Steady-to-lower crop ratings amid heat and dryness support corn prices, while slower export inspections are a modest bearish offset. Feed buyers face firmer corn costs if the Midwest dryness persists.

## Read by commodity

- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2018-08-07 | 5 | +9.0% | 4.8 | Corn futures extended gains on July 31 after USDA held crop ratings at 72% with Missouri cut to 33%, showing the weather and supply-concern rally that fed the early part of the move. |

## Sources

- economies.com: https://www.economies.com/commodities/corn-news/corn-climbs-as-usda-holds-quality-ratings-steady-23885

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