# Recession worries trigger grains selloff – The Seam

> Chicago wheat fell 17-18 cents and corn dropped 10-20 cents as recession worries weighed on grains. Soybeans fell 27-33 cents and soymeal dropped $6.20/ton. Corn also eased after a US official said Russian food and fertilizer shipments were not subject to sanctions, easing concerns over Ukrainian corn and Russian fertilizer access.

- Date: 2022-06-23 · published 2022-06-23T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/12700-recession-worries-trigger-grains-selloff-the-seam
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Easing concerns over Black Sea grain and Russian fertilizer flows lower prices, while global recession risk pressures demand for feed grains and meal.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-12-16 | [Global recession worries chip away at corn, soybeans – The Seam](https://feedsoft.ai/events/5521-global-recession-worries-chip-away-at-corn-soybeans-the-seam.md) | +0.7% | +3.0% |
| CORN | 2022-12-05 | [Recession fears spur wheat cuts – The Seam](https://feedsoft.ai/events/6647-recession-fears-spur-wheat-cuts-the-seam.md) | -0.2% | +4.7% |
| CORN | 2022-07-12 | [Dollar rises to 20-year highs, sends grains lower – The Seam](https://feedsoft.ai/events/5974-dollar-rises-to-20-year-highs-sends-grains-lower-the-seam.md) | -13.6% | -16.3% |
| CORN | 2022-07-07 | [The recent commodity sell-off](https://feedsoft.ai/events/5055-the-recent-commodity-sell-off.md) | -0.6% | -15.3% |
| CORN | 2024-08-05 | [Emerging Markets equities slump as US recession fears spark global selloff](https://feedsoft.ai/events/12017-emerging-markets-equities-slump-as-us-recession-fears-spark-global-selloff.md) | -1.7% | -1.5% |
| SOY | 2022-12-16 | [Global recession worries chip away at corn, soybeans – The Seam](https://feedsoft.ai/events/5521-global-recession-worries-chip-away-at-corn-soybeans-the-seam.md) | -0.4% | +4.5% |
| SOY | 2022-07-12 | [Dollar rises to 20-year highs, sends grains lower – The Seam](https://feedsoft.ai/events/5974-dollar-rises-to-20-year-highs-sends-grains-lower-the-seam.md) | -8.8% | -1.3% |
| SOY | 2022-07-07 | [The recent commodity sell-off](https://feedsoft.ai/events/5055-the-recent-commodity-sell-off.md) | +0.5% | -1.4% |

## Sources

- theseam.com: https://www.theseam.com/recession-worries-trigger-grains-selloff/

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