# Tumbling into September — this week in the grain markets - RealAgriculture

> December corn hit new contract lows after private yield estimates from Allendale, INTL FC Stone and Informa came in bearish because they excluded the risk of an early frost. Wheat followed corn lower. The crop is 1-2 weeks behind normal, with more than 17M acres of corn not yet at dough stage.

- Date: 2019-09-07 · published 2019-09-07T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/9143-tumbling-into-september-this-week-in-the-grain-markets-realagriculture
- 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

Yield estimates trimmed by private analysts weigh on corn and wheat prices, but the late crop leaves frost risk that could cap the downside for feed grains.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2019-09-09 | 1 | -3.8% | -3.7 | Bearish private yield estimates that ignored early frost risk pushed December corn to contract lows heading into the move, adding supply-side selling pressure. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-07-15 | [Markets falter heading into the weekend – The Seam](https://feedsoft.ai/events/5595-markets-falter-heading-into-the-weekend-the-seam.md) | -10.7% | -8.4% |
| CORN | 2018-11-04 | [Wheat markets mixed during week - Agriculture News Network](https://feedsoft.ai/events/11215-wheat-markets-mixed-during-week-agriculture-news-network.md) | +1.8% | +1.4% |
| CORN | 2017-06-12 | [GRAIN MARKETS: Crops tumble as rain moves in](https://feedsoft.ai/events/70423-grain-markets-crops-tumble-as-rain-moves-in.md) | -0.6% | +2.1% |
| CORN | 2016-11-09 | [Warm autumn weather cools U.S. feed demand, worsening grain glut - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/73882-warm-autumn-weather-cools-u-s-feed-demand-worsening-grain-glut-agweek-1-source.md) | -6.6% | -4.5% |
| CORN | 2018-06-06 | [Grain report: weather market is now increasingly sensitive  -  Premium](https://feedsoft.ai/events/64588-grain-report-weather-market-is-now-increasingly-sensitive-premium.md) | -1.8% | -7.2% |
| SOY | 2019-05-18 | [Politics lure prices higher — this week in the grain markets - RealAgriculture](https://feedsoft.ai/events/12126-politics-lure-prices-higher-this-week-in-the-grain-markets-realagriculture.md) | +1.0% | +11.1% |
| SOY | 2018-11-04 | [Wheat markets mixed during week - Agriculture News Network](https://feedsoft.ai/events/11215-wheat-markets-mixed-during-week-agriculture-news-network.md) | 0.0% | +3.5% |
| SOY | 2017-06-12 | [GRAIN MARKETS: Crops tumble as rain moves in](https://feedsoft.ai/events/70423-grain-markets-crops-tumble-as-rain-moves-in.md) | -0.3% | +8.4% |

## Sources

- realagriculture.com: https://www.realagriculture.com/2019/09/tumbling-into-september-this-week-in-the-grain-markets/

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