# Frustrating Week for Grain Prices,

> Jerry Groskreutz describes a volatile week in which corn rallied on Thursday and Friday before losing those gains, with rain in the Northwest Corn Belt falling short of forecasts. Traders focus on a 2.1 billion bushel US corn carryover and Brazil's second crop harvest. November soybeans closed down 5.5 cents for the week, and traders are watching crop ratings for weather premium in beans during flowering and pod fill.

- Date: 2017-07-31 · published 2017-07-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/69984-frustrating-week-for-grain-prices
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Large US carryover and Brazilian harvest supplies cap corn gains, while dry weather in the critical soybean pod-fill period could support meal prices if it persists.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼

## Sources

- kdhlradio.com: https://kdhlradio.com/frustrating-week-for-grain-prices/

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