# Russia set records in the export of grain

> Chicago soybeans and corn rose on Thursday, led by soybeans, while Paris grain prices also gained. China's August industrial output grew 6%, below the 6.6% forecast, and analysts said the slowdown reflects financial deleveraging. USDA raised its US corn and soybean yield estimates, but markets did not react strongly.

- Date: 2017-09-15 · published 2017-09-15T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/68820-russia-set-records-in-the-export-of-grain
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Weaker Chinese industrial growth can reduce commodity demand, while USDA's higher yields point to ample US supply. The net price effect in the session was limited.

## Read by commodity

- SOY: neutral
- WTI: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-05-15 | [Grains of recovery whet appetite for fiscal reform in Brazil](https://feedsoft.ai/events/12779-grains-of-recovery-whet-appetite-for-fiscal-reform-in-brazil.md) | +1.2% | -5.8% |
| SOY | 2019-10-29 | [PBOC set the onshore yuan at its strongest in 2 months](https://feedsoft.ai/events/56809-pboc-set-the-onshore-yuan-at-its-strongest-in-2-months.md) | +0.5% | -3.1% |
| SOY | 2023-08-31 | [China’s economic slump may spare ag exports \| The Western Producer](https://feedsoft.ai/events/34555-china-s-economic-slump-may-spare-ag-exports-the-western-producer.md) | -2.6% | -5.8% |
| SOY | 2020-02-24 | [Economist expects new considerations in grain markets \| 2020-02-24  \| World Grain](https://feedsoft.ai/events/54625-economist-expects-new-considerations-in-grain-markets-2020-02-24-world-grain.md) | -0.8% | -3.1% |
| SOY | 2024-11-13 | [PBOC pulls China’s yuan off 3-month low with stronger-than-expected fix - Markets - Business Recorder](https://feedsoft.ai/events/6696-pboc-pulls-china-s-yuan-off-3-month-low-with-stronger-than-expected-fix-markets.md) | -0.5% | -0.8% |
| CORN | 2020-04-03 | [Grim reality of severe global economic recession slams meat industry
						 \| The Pig Site](https://feedsoft.ai/events/6602-grim-reality-of-severe-global-economic-recession-slams-meat-industry-the-pig.md) | -0.6% | -8.4% |
| CORN | 2019-08-01 | [Gains in grains \| ANZ](https://feedsoft.ai/events/57536-gains-in-grains-anz.md) | -3.0% | -7.6% |
| CORN | 2020-06-24 | [India’s poultry sector starts road to recovery](https://feedsoft.ai/events/52754-india-s-poultry-sector-starts-road-to-recovery.md) | +2.4% | -0.3% |

## Sources

- grainsprices.com: https://grainsprices.com/article/13185

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