# Ahead of the Open | September 19, 2023 - Pro Farmer

> Grains fell overnight after a sharp breakdown on Monday, with corn, soybeans and all wheat classes lower in pre-open trade. Pro Farmer kept its corn and soybean yield estimates and reported that USDA crop condition ratings were slightly lower.

- Date: 2023-09-19 · published 2023-09-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7185-ahead-of-the-open-september-19-2023-pro-farmer
- 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

Technical selling and a stronger dollar pressure grain prices lower, which eases feed cost pressure for buyers in the near term.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2023-09-20 | 5 | -8.8% | -2.9 | Grains broke sharply on Monday Sept 18 with corn lower, showing the selloff within the 5-day window. |
| CORN | 2023-09-18 | 1 | -10.9% | -4.4 | The pre-open report describes a sharp breakdown in grains on Monday with corn lower, which confirms the selloff on the move date, though it is mostly descriptive rather than causal. |
| CORN | 2023-09-22 | 5 | -10.5% | -3.1 | Grains fell sharply after a breakdown on Monday, showing continued technical and momentum selling in corn within the window. |

## Sources

- profarmer.com: https://www.profarmer.com/news/ahead-open/ahead-open-september-19-2023

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