# Grain Market Update 29th July - Irish Farmers' Association

> Irish grain market update reports MATIF December 2022 wheat recovering to €328.50/t from a low of €312.50/t, and Paris rapeseed gaining €36.25 since Tuesday. Soymeal firmed on hot, dry US Midwest forecasts and poor crush margins, and the EU Commission cut its maize yield forecast by 7.9%.

- Date: 2022-07-29 · published 2022-07-29T12:00:00.000Z
- Category: weather · region EU · magnitude medium
- Page: https://feedsoft.ai/events/11487-grain-market-update-29th-july-irish-farmers-association
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A cut in EU maize yield estimates and US Midwest heat stress tighten feed grain supplies, supporting corn and feed prices. Uncertainty over Ukrainian port exports keeps wheat firm.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲
- CANMEAL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2022-07-28 | 5 | +12.5% | 3.3 | Soymeal firmed on hot, dry US Midwest forecasts, showing the same weather-premium effect in the European market. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-07-20 | [Grain Market Update 21st July - Irish Farmers' Association](https://feedsoft.ai/events/6207-grain-market-update-21st-july-irish-farmers-association.md) | -1.2% | -0.3% |
| CORN | 2020-12-02 | [Grain Council Report December 2020 - Irish Farmers' Association](https://feedsoft.ai/events/11430-grain-council-report-december-2020-irish-farmers-association.md) | -0.1% | +3.3% |
| CORN | 2026-07-06 | [Here are 3 big reasons for the grain market's post-4th of July rally - Pro Farmer](https://feedsoft.ai/events/10786-here-are-3-big-reasons-for-the-grain-market-s-post-4th-of-july-rally-pro-farmer.md) | +1.6% | +1.6% |
| CORN | 2022-10-18 | [Weekly Commodities Market Update: Price Gain across Grains](https://feedsoft.ai/events/39199-weekly-commodities-market-update-price-gain-across-grains.md) | -0.9% | -2.3% |
| CORN | 2021-04-16 | [Farming News - Wheat and OSR market update](https://feedsoft.ai/events/9791-farming-news-wheat-and-osr-market-update.md) | +5.1% | +18.3% |
| WHEAT | 2020-07-20 | [Grain Market Update 21st July - Irish Farmers' Association](https://feedsoft.ai/events/6207-grain-market-update-21st-july-irish-farmers-association.md) | +0.7% | -1.8% |
| WHEAT | 2020-08-16 | [Grain Market Update 17th August - Irish Farmers' Association](https://feedsoft.ai/events/11342-grain-market-update-17th-august-irish-farmers-association.md) | +0.9% | +11.1% |
| WHEAT | 2020-09-24 | [Keeping an eye on the grain market - September 24 update \| Farm News \| Farmers Guardian](https://feedsoft.ai/events/10437-keeping-an-eye-on-the-grain-market-september-24-update-farm-news-farmers.md) | +6.7% | +11.0% |

## Sources

- ifa.ie: https://www.ifa.ie/markets-and-prices/grain-market-update-29th-july/

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