# Wheat prices drop 2% to 11-week low; corn, soybeans fall - Markets - Business Recorder

> Chicago wheat futures fell nearly 2% to their lowest since early April as harvest pressure in Europe and North America weighed on the market. Corn and soybeans also declined for a second session. Ongoing talks on Ukrainian grain exports through the Black Sea have made little progress, providing some support.

- Date: 2022-06-21 · published 2022-06-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/12696-wheat-prices-drop-2-to-11-week-low-corn-soybeans-fall-markets-business-recorder
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Harvest selling and easing supply concerns push grain prices lower, reducing feed grain costs, while stalled Black Sea export talks limit the downside.

## Read by commodity

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

## Sources

- brecorder.com: https://www.brecorder.com/news/40181430

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