# GRAINS-Corn Futures Turn Higher, Wheat Hits Months-low on Choppy Trading Day

> CBOT corn settled higher on Friday, tracking dry weather in Argentina and questions about Ukraine's harvest. Wheat fell sharply to its lowest since August 22 on competition from Russian wheat, while Argentina reinstated a preferential soy dollar FX rate for exports.

- Date: 2022-11-25 · published 2022-11-25T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/12219-grains-corn-futures-turn-higher-wheat-hits-months-low-on-choppy-trading-day
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Argentine dryness and Ukraine harvest uncertainty support corn, while cheap Russian wheat and Argentina's FX incentive for soy exports pressure wheat and soybean prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bullish ▲
- WHEAT: bearish ▼
- USDARS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-06-22 | [U.S. grains: Soy, corn, wheat rally to multi-month highs on weather concerns \| Farmtario](https://feedsoft.ai/events/35545-u-s-grains-soy-corn-wheat-rally-to-multi-month-highs-on-weather-concerns.md) | -8.7% | -14.9% |
| CORN | 2018-02-27 | [U.S. grains: Wheat hits seven-month high on crop ratings - Grainews](https://feedsoft.ai/events/12433-u-s-grains-wheat-hits-seven-month-high-on-crop-ratings-grainews.md) | +1.6% | +2.4% |
| CORN | 2018-05-18 | [GRAINS-U.S. wheat futures rally; corn, soy firm on hopes for export deal](https://feedsoft.ai/events/10916-grains-u-s-wheat-futures-rally-corn-soy-firm-on-hopes-for-export-deal.md) | +1.3% | -5.6% |
| CORN | 2024-09-25 | [U.S. grains: Wheat turns higher on Russia weather worries; soy, corn also rally - Grainews](https://feedsoft.ai/events/5609-u-s-grains-wheat-turns-higher-on-russia-weather-worries-soy-corn-also-rally.md) | +2.6% | +0.5% |
| CORN | 2024-05-04 | [Corn hits 3-month high; soy, wheat climb on global crop weather woes](https://feedsoft.ai/events/6453-corn-hits-3-month-high-soy-wheat-climb-on-global-crop-weather-woes.md) | +1.8% | +3.9% |
| WHEAT | 2025-11-12 | [Weather having impact on wheat futures, supply \| World Grain](https://feedsoft.ai/events/21894-weather-having-impact-on-wheat-futures-supply-world-grain.md) | +2.1% | +0.9% |
| WHEAT | 2025-06-26 | [U.S. grains: Chicago corn, soy linger at multi-month lows as weather weighs - Grainews](https://feedsoft.ai/events/24226-u-s-grains-chicago-corn-soy-linger-at-multi-month-lows-as-weather-weighs.md) | +3.0% | -1.3% |
| WHEAT | 2017-01-11 | [U.S. grains: Wheat hits one-week low on Plains forecasts \| Farmtario](https://feedsoft.ai/events/73032-u-s-grains-wheat-hits-one-week-low-on-plains-forecasts-farmtario.md) | +0.6% | +4.9% |

## Sources

- agriculture.com: https://www.agriculture.com/markets/newswire/grains-corn-futures-turn-higher-wheat-hits-months-low-on-choppy-trading-day

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