# Corn and wheat will drop to 10-year low

> AgResource forecasts that record South American harvests will push December corn futures down about 25% to around $2.80 per bushel and July wheat down 14% to about $4, with soybeans also falling toward $7.60. Argentina's expanded crop and currency devaluation are expected to boost exports.

- Date: 2016-04-18 · published 2016-04-18T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/10297-corn-and-wheat-will-drop-to-10-year-low
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expected large South American supplies and higher Argentine exports point to lower feed grain and soymeal prices through the coming season, favoring buyers.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-08-13 | [Drought Scorches U.S. Corn, Soy, and Wheat Crops](https://feedsoft.ai/events/45410-drought-scorches-u-s-corn-soy-and-wheat-crops.md) | -1.7% | -9.0% |
| CORN | 2023-09-15 | [USDA report triggers corn and soybean price drop, wheat remai ...](https://feedsoft.ai/events/34044-usda-report-triggers-corn-and-soybean-price-drop-wheat-remai.md) | -7.1% | -4.6% |
| CORN | 2017-07-12 | [Corn, winter wheat drag grains lower, as US supply](https://feedsoft.ai/events/69892-corn-winter-wheat-drag-grains-lower-as-us-supply.md) | -4.1% | -5.2% |
| CORN | 2023-05-12 | [USDA: Corn and soy production will outpace demand in coming year](https://feedsoft.ai/events/35887-usda-corn-and-soy-production-will-outpace-demand-in-coming-year.md) | -8.7% | -8.7% |
| 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% |
| WHEAT | 2017-07-12 | [Corn, winter wheat drag grains lower, as US supply](https://feedsoft.ai/events/69892-corn-winter-wheat-drag-grains-lower-as-us-supply.md) | -2.2% | -2.1% |
| WHEAT | 2017-04-20 | [Importer Ending Stocks Shrink to 6-Year Low - U.S. Wheat Associates](https://feedsoft.ai/events/71554-importer-ending-stocks-shrink-to-6-year-low-u-s-wheat-associates.md) | +1.3% | +0.1% |
| WHEAT | 2025-12-16 | [December WASDE Surprises Corn and Wheat Markets \| CZ app](https://feedsoft.ai/events/21444-december-wasde-surprises-corn-and-wheat-markets-cz-app.md) | +0.3% | +0.5% |

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/kukurudza-ta-pshenitcya-podeshevshayut-do-10-richnogo-minimumu.html

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