# Corn, Soybeans and Wheat Prices Plummet Thursday, Weather is Only Part of the Reason Why - AgWeb

> Corn, soybean and wheat futures fell sharply after a more favorable weather forecast shifted the Corn Belt outlook, with front-month soybeans down nearly 60 cents and corn down 21 cents. Recession fears also prompted speculators to sell commodities.

- Date: 2022-06-23 · published 2022-06-23T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/12698-corn-soybeans-and-wheat-prices-plummet-thursday-weather-is-only-part-of-the
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Improved rainfall forecasts reduce yield risk premium, and recession concerns cut demand expectations, pushing feed grain and soymeal prices lower.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-07-29 | [Soybeans Sink on Weather, Pulling Down Corn and Wheat: Cattle Continue to Recover - AgWeb](https://feedsoft.ai/events/18361-soybeans-sink-on-weather-pulling-down-corn-and-wheat-cattle-continue-to-recover.md) | -3.5% | +5.0% |
| CORN | 2026-06-19 | [Will Corn, Soybeans and Wheat Rebound After the Holiday Selloff?](https://feedsoft.ai/events/11701-will-corn-soybeans-and-wheat-rebound-after-the-holiday-selloff.md) | -0.8% | +1.9% |
| CORN | 2024-08-23 | [4 Maps That Show Drought Is Of Little Concern Right Now for Corn and Soybeans - AgWeb](https://feedsoft.ai/events/13159-4-maps-that-show-drought-is-of-little-concern-right-now-for-corn-and-soybeans.md) | +0.2% | +6.1% |
| CORN | 2025-09-15 | [South America Weather Returns to Normal: Strong Early Spring Prospects for Wheat, Barley, Soybeans, Corn](https://feedsoft.ai/events/13472-south-america-weather-returns-to-normal-strong-early-spring-prospects-for-wheat.md) | +5.1% | +2.8% |
| CORN | 2019-09-11 | [U.S. grains: Soybeans, corn ease on crop-boosting weather - AgCanada](https://feedsoft.ai/events/9148-u-s-grains-soybeans-corn-ease-on-crop-boosting-weather-agcanada.md) | +4.2% | +9.2% |
| SOY | 2026-07-29 | [Soybeans Sink on Weather, Pulling Down Corn and Wheat: Cattle Continue to Recover - AgWeb](https://feedsoft.ai/events/18361-soybeans-sink-on-weather-pulling-down-corn-and-wheat-cattle-continue-to-recover.md) | -4.7% | +1.3% |
| SOY | 2026-06-19 | [Will Corn, Soybeans and Wheat Rebound After the Holiday Selloff?](https://feedsoft.ai/events/11701-will-corn-soybeans-and-wheat-rebound-after-the-holiday-selloff.md) | +0.3% | +9.2% |
| SOY | 2024-08-23 | [4 Maps That Show Drought Is Of Little Concern Right Now for Corn and Soybeans - AgWeb](https://feedsoft.ai/events/13159-4-maps-that-show-drought-is-of-little-concern-right-now-for-corn-and-soybeans.md) | +3.5% | +7.5% |

## Sources

- agweb.com: https://www.agweb.com/news/crops/soybeans/corn-soybeans-and-wheat-prices-plummet-thursday-weather-only-part-reason-why

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