# Corn, soyabean futures sag; wheat pares gains - Markets - Business Recorder

> US corn futures fell more than 2% on July 19 and soybeans also declined on optimism for sizable US crops and rain forecasts, despite hot, dry pockets. USDA rated 64% of corn good-to-excellent, unchanged, and 61% of soybeans, down one point. Wheat pared gains after Egypt's state buyer cancelled an international tender.

- Date: 2022-07-20 · published 2022-07-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/40510-corn-soyabean-futures-sag-wheat-pares-gains-markets-business-recorder
- 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

Stabilizing US crop ratings and rain forecasts lower weather premium, pointing to softer corn and soybean meal costs for feed buyers; the Egypt tender cancellation weighs on wheat as a feed alternative.

## Read by commodity

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

## Sources

- brecorder.com: https://www.brecorder.com/news/40186910

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