# Market ignores USDA reports to cap June month of sliding values - Agweek | #1 source for agriculture news, farming, markets

> 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.

- Date: 2022-07-08 · published 2022-07-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12503-market-ignores-usda-reports-to-cap-june-month-of-sliding-values-agweek-1-source
- 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

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.

## Read by commodity

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

## Sources

- agweek.com: https://www.agweek.com/business/markets/market-ignores-usda-reports-to-cap-june-month-of-sliding-values

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