# Lower U.S. crop condition rating lifts corn, soy and wheat also rise | Financial Post

> USDA reported that 55% of U.S. corn was rated good-to-excellent, down from 58% and below expectations of 58%. Soybean condition was also 55% good-to-excellent. Corn futures rebounded from four-month lows, and soybeans and wheat rose in sympathy. Wheat also gained on dryness concerns in Australia and Argentina.

- Date: 2019-09-10 · published 2019-09-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/9146-lower-u-s-crop-condition-rating-lifts-corn-soy-and-wheat-also-rise-financial
- 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

A larger-than-expected drop in crop ratings signals lower yield potential ahead of USDA's supply report, supporting feed grain and soymeal prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2019-09-11 | 1 | +3.4% | 3.6 | USDA's crop condition ratings on Sept 10 came in below expectations for corn and soybeans, tightening perceived supply and supporting prices into the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-09-30 | [Corn, soy, wheat surge on lower-than-expected U.S. grain stocks \| Financial Post](https://feedsoft.ai/events/8786-corn-soy-wheat-surge-on-lower-than-expected-u-s-grain-stocks-financial-post.md) | +1.5% | +11.3% |
| CORN | 2021-06-30 | [Corn, soy extend rally after USDA acreage surprise \| Financial Post](https://feedsoft.ai/events/46087-corn-soy-extend-rally-after-usda-acreage-surprise-financial-post.md) | -0.4% | -10.6% |
| CORN | 2022-09-28 | [Argentina soy harvest set to climb next season; wheat, corn to retreat \| Financial Post](https://feedsoft.ai/events/14011-argentina-soy-harvest-set-to-climb-next-season-wheat-corn-to-retreat-financial.md) | +1.9% | +4.4% |
| CORN | 2020-11-10 | [USDA Lowers Corn, Soybean and Wheat Ending Stocks](https://feedsoft.ai/events/50091-usda-lowers-corn-soybean-and-wheat-ending-stocks.md) | +9.7% | +8.7% |
| CORN | 2018-07-17 | [USDA crop progress: Corn and soybean condition drops again](https://feedsoft.ai/events/63867-usda-crop-progress-corn-and-soybean-condition-drops-again.md) | -0.7% | -0.1% |
| SOY | 2020-09-30 | [Corn, soy, wheat surge on lower-than-expected U.S. grain stocks \| Financial Post](https://feedsoft.ai/events/8786-corn-soy-wheat-surge-on-lower-than-expected-u-s-grain-stocks-financial-post.md) | +5.1% | +9.0% |
| SOY | 2021-06-30 | [Corn, soy extend rally after USDA acreage surprise \| Financial Post](https://feedsoft.ai/events/46087-corn-soy-extend-rally-after-usda-acreage-surprise-financial-post.md) | +2.0% | +5.3% |
| SOY | 2022-10-11 | [Wheat, corn futures slip ahead of key USDA crop forecasts \| Financial Post](https://feedsoft.ai/events/5088-wheat-corn-futures-slip-ahead-of-key-usda-crop-forecasts-financial-post.md) | +0.8% | +4.8% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/lower-u-s-crop-condition-rating-lifts-corn-soy-and-wheat-also-rise

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