# Harvest pressure hammers wheat prices – The Seam

> Wheat futures lost 4.5% to 5.5% on technical selling after favorable weather forecasts and wheat harvest progress. Corn fell more than 3% and soybeans slipped over 1%. Crude oil rose to $110 per barrel while the dollar softened moderately.

- Date: 2022-06-21 · published 2022-06-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12699-harvest-pressure-hammers-wheat-prices-the-seam
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Harvest progress and benign weather drive grain selling, while elevated crude oil supports biofuel-linked demand and feed cost expectations.

## Read by commodity

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

## Sources

- theseam.com: https://www.theseam.com/harvest-pressure-hammers-wheat-prices/

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