# Farming News - Market Update - New crop all about weather and politics

> Gleadell's market update says US-China trade tensions drove liquidation selling in corn and soybeans, spilling into wheat. Spring wheat ratings are strong and EU prices held steady, while Russia's ministry expects a maximum 100 million tonnes of grain and French crop estimates were talked up to about 39 million tonnes.

- Date: 2018-06-29 · published 2018-06-29T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/64476-farming-news-market-update-new-crop-all-about-weather-and-politics
- 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

Trade-driven selling pressures grain futures near term, while a possible Russian shortfall and dry Western Europe provide some offsetting support.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-06-22 | [Farming News - The ongoing trade dispute, weather & politics keep markets nervy](https://feedsoft.ai/events/64829-farming-news-the-ongoing-trade-dispute-weather-and-politics-keep-markets-nervy.md) | -2.0% | -0.7% |
| CORN | 2019-03-06 | [Boston Herald - Boston news, sports, politics, opinion, entertainment, weather and obituaries - US farmers sound alarm on single-most catastrophic thing headed for corn crops](https://feedsoft.ai/events/60065-boston-herald-boston-news-sports-politics-opinion-entertainment-weather-and.md) | -1.7% | -1.5% |
| CORN | 2018-06-18 | [Weekly Analysis: New-Crop Corn, Soybeans and SRW Wheat Markets](https://feedsoft.ai/events/10577-weekly-analysis-new-crop-corn-soybeans-and-srw-wheat-markets.md) | -0.9% | -3.9% |
| CORN | 2019-05-02 | [Grain Market Update 3rd May - Irish Farmers' Association](https://feedsoft.ai/events/7489-grain-market-update-3rd-may-irish-farmers-association.md) | -0.5% | +9.7% |
| CORN | 2019-03-06 | [Boston Herald - Boston news, sports, politics, opinion, entertainment, weather and obituaries - Mexican trade dispute may dramatically impact U.S. corn growers](https://feedsoft.ai/events/60063-boston-herald-boston-news-sports-politics-opinion-entertainment-weather-and.md) | -1.7% | -1.5% |
| SOY | 2018-06-22 | [Farming News - The ongoing trade dispute, weather & politics keep markets nervy](https://feedsoft.ai/events/64829-farming-news-the-ongoing-trade-dispute-weather-and-politics-keep-markets-nervy.md) | -2.2% | -3.5% |
| SOY | 2018-01-16 | [USDA Trade Data Update: Focus on Soybeans and Grains - Farm Policy News](https://feedsoft.ai/events/9200-usda-trade-data-update-focus-on-soybeans-and-grains-farm-policy-news.md) | +4.3% | +6.1% |
| SOY | 2018-06-18 | [Weekly Analysis: New-Crop Corn, Soybeans and SRW Wheat Markets](https://feedsoft.ai/events/10577-weekly-analysis-new-crop-corn-soybeans-and-srw-wheat-markets.md) | -1.2% | -8.4% |

## Sources

- farming.co.uk: https://farming.co.uk/news/market-update---new-crop-all-about-weather-and-politics

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