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Grain markets ended the first half of 2022 with most contracts flat to lower year-to-date after a sharp June sell-off. Corn and soybean futures fell and wheat lost $2 to $2.50 per bushel in June.
The market largely ignored USDA's June 30 reports, and the decline was attributed mainly to improving crop conditions.
Improving US crop conditions reduced the weather risk premium, pressuring corn, soybean and wheat prices. Feed costs are lower, but the market showed limited reaction to official data.
agweek.comRandy MartinsonJul 8, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
