# Market Perspectives – September 5, 2019 - U.S. Grains & BioProducts Council

> December corn futures fell 11 cents (3.0%) in the week to a new contract low after noncommercial selling and good Corn Belt weather. USDA rated 58% of the corn crop good/excellent, and only 6% was mature as of the report.

- Date: 2019-09-05 · published 2019-09-05T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/9142-market-perspectives-september-5-2019-u-s-grains-and-bioproducts-council
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Favorable weather and private yield estimates below USDA's August projections still point to ample supply, which keeps corn feed prices under pressure for buyers.

## Read by commodity

- CORN: bearish ▼
- DDGS: neutral
- OCEANFRT: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2019-09-09 | 1 | -3.8% | -3.7 | Documents the prior week's decline to contract lows on noncommercial (fund) selling and good Corn Belt weather, a momentum and sentiment setup for further selling. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2016-06-23 | [Market Perspectives June 23, 2016 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/10239-market-perspectives-june-23-2016-u-s-grains-and-bioproducts-council.md) | -3.5% | -5.7% |
| CORN | 2021-06-17 | [Market Perspectives – June 17, 2021 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/7305-market-perspectives-june-17-2021-u-s-grains-and-bioproducts-council.md) | -2.4% | +2.5% |
| CORN | 2024-08-01 | [Market Perspectives - August 1, 2024 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/12103-market-perspectives-august-1-2024-u-s-grains-and-bioproducts-council.md) | -0.1% | -3.8% |
| CORN | 2019-07-31 | [Summer cools grain markets \| Global Perspective \| The Land \| NSW](https://feedsoft.ai/events/58139-summer-cools-grain-markets-global-perspective-the-land-nsw.md) | -5.0% | -9.9% |
| CORN | 2024-07-10 | [U.S. grains: Soy futures fall to 2020 low on strong US crop prospects](https://feedsoft.ai/events/11196-u-s-grains-soy-futures-fall-to-2020-low-on-strong-us-crop-prospects.md) | -0.8% | -0.3% |

## Sources

- grains.org: https://grains.org/ddgs_report/ddgs-weekly-market-report-september-5-2019/
- grains.org: https://grains.org/market_perspectives/market-perspectives-september-5-2019/
- grains.org: https://grains.org/market_perspectives/market-perspectives-september-5-2019/9/

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