# Corn and soybeans tumble after healthy crop readings

> Corn and soybeans fell sharply midday after USDA reported 70% or more of each crop in good to excellent condition. Forecasts also pointed to relief from hot weather in the Midwest the following week.

- Date: 2016-07-19 · published 2016-07-19T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/7420-corn-and-soybeans-tumble-after-healthy-crop-readings
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Strong crop condition ratings and cooler forecasts reduce the risk premium, which lowers corn and soybean prices for feed buyers.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-08-12 | [Corn futures fall 6% after bearish USDA crop report; soybeans down 1.3%](https://feedsoft.ai/events/11736-corn-futures-fall-6-after-bearish-usda-crop-report-soybeans-down-1-3.md) | -6.0% | -8.6% |
| CORN | 2019-03-08 | [Soybeans, corn down after supply and demand report - Brownfield Ag News](https://feedsoft.ai/events/60038-soybeans-corn-down-after-supply-and-demand-report-brownfield-ag-news.md) | +0.8% | +0.8% |
| CORN | 2023-07-13 | [Bearish WASDE Report Impacting Corn, Soybeans, and Wheat](https://feedsoft.ai/events/34985-bearish-wasde-report-impacting-corn-soybeans-and-wheat.md) | -1.6% | -7.1% |
| CORN | 2024-10-15 | [October WASDE: Top takeaways for corn, soybeans and wheat](https://feedsoft.ai/events/27804-october-wasde-top-takeaways-for-corn-soybeans-and-wheat.md) | -0.1% | +2.6% |
| CORN | 2021-08-22 | [Pro Farmer Releases National Corn and Soybean Crop Estimates - Pro Farmer](https://feedsoft.ai/events/45407-pro-farmer-releases-national-corn-and-soybean-crop-estimates-pro-farmer.md) | +2.3% | -5.5% |
| SOY | 2019-03-08 | [Soybeans, corn down after supply and demand report - Brownfield Ag News](https://feedsoft.ai/events/60038-soybeans-corn-down-after-supply-and-demand-report-brownfield-ag-news.md) | -0.1% | +1.8% |
| SOY | 2023-07-13 | [Bearish WASDE Report Impacting Corn, Soybeans, and Wheat](https://feedsoft.ai/events/34985-bearish-wasde-report-impacting-corn-soybeans-and-wheat.md) | +0.2% | -3.8% |
| SOY | 2021-08-22 | [Pro Farmer Releases National Corn and Soybean Crop Estimates - Pro Farmer](https://feedsoft.ai/events/45407-pro-farmer-releases-national-corn-and-soybean-crop-estimates-pro-farmer.md) | +5.1% | -2.4% |

## Sources

- farmprogress.com: https://www.farmprogress.com/soybean/corn-and-soybeans-tumble-after-healthy-crop-readings

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