# Weekly update - 21 July 2022 - DAFF

> Australia's DAFF weekly update reports moderate rain in southern Australia and dry conditions elsewhere during the week ending 20 July 2022. It notes below-average June rainfall likely lowered wheat output potential in the US, EU and Canada, and that global grain and oilseed production is likely below June forecasts.

- Date: 2022-07-21 · published 2022-07-21T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/40442-weekly-update-21-july-2022-daff
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower-than-expected global grain and oilseed output from multiple exporters tightens supplies and supports prices for feed grains and oilseed meals.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-12-14 | [Market update week 49 - VV COM](https://feedsoft.ai/events/32668-market-update-week-49-vv-com.md) | +2.2% | +3.5% |
| WHEAT | 2023-07-28 | [W29: Oats Update](https://feedsoft.ai/events/35093-w29-oats-update.md) | -0.1% | -2.1% |
| WHEAT | 2020-07-27 | [Wheat Market Outlook – July 27th, 2020 \| Sask Wheat](https://feedsoft.ai/events/52148-wheat-market-outlook-july-27th-2020-sask-wheat.md) | +0.4% | -1.6% |
| WHEAT | 2021-07-12 | [Ahead of the Open \| July 12, 2021 - Pro Farmer](https://feedsoft.ai/events/7781-ahead-of-the-open-july-12-2021-pro-farmer.md) | -0.8% | +0.2% |
| WHEAT | 2021-11-13 | [GRAIN  PRICE WEEKLY REPORT](https://feedsoft.ai/events/7052-grain-price-weekly-report.md) | +0.6% | -6.5% |
| CORN | 2024-09-27 | [W38 2024: Rice Weekly Update](https://feedsoft.ai/events/28368-w38-2024-rice-weekly-update.md) | +2.2% | +1.0% |
| CORN | 2025-03-28 | [W12 2025: Maize Weekly Update](https://feedsoft.ai/events/25594-w12-2025-maize-weekly-update.md) | +0.5% | +5.5% |
| CORN | 2026-02-11 | [February 2026 WASDE Update](https://feedsoft.ai/events/20545-february-2026-wasde-update.md) | -0.5% | +1.7% |

## Sources

- agriculture.gov.au: https://www.agriculture.gov.au/abares/products/weekly_update/weekly-update-210722

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