# Corn, Wheat Continue to Fall with Crude Oil: Soybeans and Cattle Rally

> Corn and wheat fell early Wednesday as crude oil eased on progress in US-Iran peace talks, with traders viewing the war as largely settled. Soybeans, cattle and hogs were mostly higher, and planting progress for corn reached 86% nationally, ahead of the five-year average.

- Date: 2026-06-01 · published 2026-06-01T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/19274-corn-wheat-continue-to-fall-with-crude-oil-soybeans-and-cattle-rally
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Lower crude oil reduces ethanol and biofuel demand expectations, pressuring corn and wheat, while ahead-of-average planting limits weather premium.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-11-06 | [Wheat, corn and soy fall as market anticipates Trump win - Markets - Business Recorder](https://feedsoft.ai/events/10552-wheat-corn-and-soy-fall-as-market-anticipates-trump-win-markets-business.md) | +1.3% | -1.9% |
| CORN | 2020-09-21 | [U.S. grains: Wheat, soy, corn fall sharply on fund selling - Grainews](https://feedsoft.ai/events/11765-u-s-grains-wheat-soy-corn-fall-sharply-on-fund-selling-grainews.md) | -2.4% | +3.4% |
| CORN | 2024-02-05 | [Soybeans, Wheat and Corn Pushed Down by Strong Dollar \| February 5, 2024](https://feedsoft.ai/events/7197-soybeans-wheat-and-corn-pushed-down-by-strong-dollar-february-5-2024.md) | -4.6% | -6.1% |
| CORN | 2020-03-09 | [Corn, soybeans, wheat drop about 2% as global markets recoil \| Financial Post](https://feedsoft.ai/events/11269-corn-soybeans-wheat-drop-about-2-as-global-markets-recoil-financial-post.md) | +0.3% | -1.7% |
| CORN | 2026-03-01 | [Why Corn and Soybean Prices May Not Rebound Until 2027](https://feedsoft.ai/events/20625-why-corn-and-soybean-prices-may-not-rebound-until-2027.md) | +2.0% | +5.1% |
| WHEAT | 2024-11-06 | [Wheat, corn and soy fall as market anticipates Trump win - Markets - Business Recorder](https://feedsoft.ai/events/10552-wheat-corn-and-soy-fall-as-market-anticipates-trump-win-markets-business.md) | -0.9% | -2.0% |
| WHEAT | 2020-09-21 | [U.S. grains: Wheat, soy, corn fall sharply on fund selling - Grainews](https://feedsoft.ai/events/11765-u-s-grains-wheat-soy-corn-fall-sharply-on-fund-selling-grainews.md) | -1.9% | +7.9% |
| WHEAT | 2024-02-05 | [Soybeans, Wheat and Corn Pushed Down by Strong Dollar \| February 5, 2024](https://feedsoft.ai/events/7197-soybeans-wheat-and-corn-pushed-down-by-strong-dollar-february-5-2024.md) | -1.3% | -9.3% |

## Sources

- agweb.com: https://www.agweb.com/markets/corn-wheat-continue-fall-crude-oil-soybeans-and-cattle-rally

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