# CBOT weekly outlook: Harvest, crop conditions pressuring prices - Grainews

> Corn and soybean futures fell after USDA's weekly crop progress report showed U.S. corn at 54% good to excellent, down only one point and a 10-year low, a smaller decline than the trade expected. The suspension of USDA's weekly export sales report also weighed on prices.

- Date: 2022-08-31 · published 2022-08-31T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/40077-cbot-weekly-outlook-harvest-crop-conditions-pressuring-prices-grainews
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A better-than-feared crop rating removes some supply-driven support from corn and soybeans, shifting focus to demand and Brazil's safrinha competition, which points to softer feed grain and meal prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-08-29 | [Feed weekly outlook: New-crop expectations weigh on bids - Grainews](https://feedsoft.ai/events/57659-feed-weekly-outlook-new-crop-expectations-weigh-on-bids-grainews.md) | -3.0% | +1.1% |
| CORN | 2020-08-12 | [CBOT weekly outlook: Bearish USDA report generates bullish reaction - Grainews](https://feedsoft.ai/events/51551-cbot-weekly-outlook-bearish-usda-report-generates-bullish-reaction-grainews.md) | +3.8% | +8.3% |
| CORN | 2019-05-14 | [Crop forecasts and trade issues put grain prices under pressure - Farmers Weekly](https://feedsoft.ai/events/5735-crop-forecasts-and-trade-issues-put-grain-prices-under-pressure-farmers-weekly.md) | +7.0% | +11.7% |
| CORN | 2016-11-07 | [US Corn Futures Weekly Price Outlook: Record Corn Yields?](https://feedsoft.ai/events/8309-us-corn-futures-weekly-price-outlook-record-corn-yields.md) | -2.6% | +0.5% |
| CORN | 2024-01-16 | [Bumper corn harvest dampens price outlook \| Agriculture Dive](https://feedsoft.ai/events/32178-bumper-corn-harvest-dampens-price-outlook-agriculture-dive.md) | -0.4% | -5.4% |
| SOY | 2020-08-12 | [CBOT weekly outlook: Bearish USDA report generates bullish reaction - Grainews](https://feedsoft.ai/events/51551-cbot-weekly-outlook-bearish-usda-report-generates-bullish-reaction-grainews.md) | +3.9% | +11.6% |
| SOY | 2024-12-31 | [2025 Soybean Outlook: Well-supplied market pressures prices – AgriNews](https://feedsoft.ai/events/27016-2025-soybean-outlook-well-supplied-market-pressures-prices-agrinews.md) | +1.0% | +8.0% |
| SOY | 2020-12-03 | [Crop Conditions Stable \| Feed & Grain](https://feedsoft.ai/events/49490-crop-conditions-stable-feed-and-grain.md) | +0.5% | +14.1% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/cbot-weekly-outlook-harvest-crop-conditions-pressuring-prices/

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