# Grain markets hit hard after slightly bearish USDA report. Tuesday, July 12, 2022 13.07.2022 - UkrAgroConsult

> Corn and soybean futures fell sharply after the July WASDE, with September corn closing 43 cents lower at $5.94 and August soybeans down 54 cents at $14.68. Wheat futures dropped 36 to 48 cents, and crude oil fell about $8.50 per barrel that day.

- Date: 2022-07-12 · published 2022-07-12T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/40432-grain-markets-hit-hard-after-slightly-bearish-usda-report-tuesday-july-12-2022
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The sharp fall in grain and energy prices lowers feed input costs in the near term, but the report's bearish signals and outside market weakness point to continued downward pressure on feed ingredient prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-12-13 | [USDA experts raised their forecast for Black Sea grain crop and exports 13.12.2021 - UkrAgroConsult](https://feedsoft.ai/events/14520-usda-experts-raised-their-forecast-for-black-sea-grain-crop-and-exports-13-12.md) | -0.1% | +0.8% |
| CORN | 2017-08-10 | [Crop markets tumble after bearish USDA numbers](https://feedsoft.ai/events/69394-crop-markets-tumble-after-bearish-usda-numbers.md) | -4.5% | -6.5% |
| CORN | 2024-12-05 | [Grains Report 12/05/2024 - Market InsightsMarket Insights](https://feedsoft.ai/events/27010-grains-report-12-05-2024-market-insightsmarket-insights.md) | +4.3% | +5.8% |
| CORN | 2022-03-09 | [Soybeans close lower. Wednesday, March 9, 2022 10.03.2022 - UkrAgroConsult](https://feedsoft.ai/events/42239-soybeans-close-lower-wednesday-march-9-2022-10-03-2022-ukragroconsult.md) | +3.3% | +10.3% |
| CORN | 2022-07-12 | [USDA Reports Cause Grain, Soybean Markets to Continue to Plunge](https://feedsoft.ai/events/4307-usda-reports-cause-grain-soybean-markets-to-continue-to-plunge.md) | -13.6% | -16.3% |
| SOY | 2017-08-10 | [Crop markets tumble after bearish USDA numbers](https://feedsoft.ai/events/69394-crop-markets-tumble-after-bearish-usda-numbers.md) | -4.3% | +0.0% |
| SOY | 2022-08-12 | [Grain markets hit turbulence, after key report ups wheat supply hopes, but slashes corn - Grain Price News](https://feedsoft.ai/events/39957-grain-markets-hit-turbulence-after-key-report-ups-wheat-supply-hopes-but.md) | -12.5% | -12.9% |
| SOY | 2022-03-09 | [Soybeans close lower. Wednesday, March 9, 2022 10.03.2022 - UkrAgroConsult](https://feedsoft.ai/events/42239-soybeans-close-lower-wednesday-march-9-2022-10-03-2022-ukragroconsult.md) | -2.7% | -4.3% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/grain-markets-hit-hard-after-slightly-bearish-usda-report-tuesday-july-12-2022/

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