# Dip in grain prices may linger but prices could strengthen - High Plains Journal

> Grain prices have fallen from near-record earlier in the year as investors reduced exposure. Drought and heat in the High Plains have stressed corn and soybean fields, and USDA projects a corn yield of 177 bushels per acre. Dryness also affects Argentina, Brazil and parts of Europe.

- Date: 2022-07-29 · published 2022-07-29T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/40511-dip-in-grain-prices-may-linger-but-prices-could-strengthen-high-plains-journal
- 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

Continued dryness across major exporters supports corn and soybean prices into the back half of the year, which raises feed input costs even after the recent decline.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-01-31 | [Jet stream impacts long-range weather forecast - High Plains Journal](https://feedsoft.ai/events/66930-jet-stream-impacts-long-range-weather-forecast-high-plains-journal.md) | +0.3% | +1.5% |
| CORN | 2019-05-29 | [How high can grain prices grow \| Saxo](https://feedsoft.ai/events/10898-how-high-can-grain-prices-grow-saxo.md) | +0.4% | +6.4% |
| CORN | 2019-10-29 | [Falling Corn Surplus Could Mean Higher Food Prices](https://feedsoft.ai/events/56588-falling-corn-surplus-could-mean-higher-food-prices.md) | +2.7% | +1.1% |
| CORN | 2022-05-01 | [Brazil’s Drought: The Trigger that Could Take Corn Prices Higher?](https://feedsoft.ai/events/13731-brazil-s-drought-the-trigger-that-could-take-corn-prices-higher.md) | -8.1% | -2.4% |
| CORN | 2022-08-26 | [Officials flag strength in EU corn prices, as crop woes lift import needs - Grain Price News](https://feedsoft.ai/events/40046-officials-flag-strength-in-eu-corn-prices-as-crop-woes-lift-import-needs-grain.md) | +0.5% | +2.0% |
| SOY | 2023-09-29 | [Soybean yield prospects show big range in heartland  - High Plains Journal](https://feedsoft.ai/events/13250-soybean-yield-prospects-show-big-range-in-heartland-high-plains-journal.md) | -1.5% | -1.6% |
| SOY | 2023-01-06 | [Kansas soybean growers felt pain of production challenges - High Plains Journal](https://feedsoft.ai/events/13309-kansas-soybean-growers-felt-pain-of-production-challenges-high-plains-journal.md) | +4.3% | +4.4% |
| SOY | 2019-05-29 | [How high can grain prices grow \| Saxo](https://feedsoft.ai/events/10898-how-high-can-grain-prices-grow-saxo.md) | +3.0% | +5.5% |

## Sources

- hpj.com: https://hpj.com/2022/07/29/dip-in-grain-prices-may-linger-but-prices-could-strengthen/

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