# Corn, wheat rise despite financial market selloff – The Seam

> Corn and wheat rose in early trade on June 16 despite a financial market selloff after the Federal Reserve raised rates by the largest margin since 1994. Hot Midwest temperatures raised concerns about crop development, while ethanol and export demand remained strong.

- Date: 2022-06-16 · published 2022-06-16T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/40995-corn-wheat-rise-despite-financial-market-selloff-the-seam
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Heat stress in the Corn Belt supports corn prices, and firm ethanol and export demand reinforces the bullish feed grain picture.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-04-22 | [Rabobank: ‘The wheat market is on fire’](https://feedsoft.ai/events/41887-rabobank-the-wheat-market-is-on-fire.md) | -0.2% | -2.1% |
| CORN | 2018-02-17 | [Best practice for managing risk in the corn market](https://feedsoft.ai/events/66522-best-practice-for-managing-risk-in-the-corn-market.md) | -0.1% | +4.4% |
| CORN | 2025-01-29 | [Will the Bull Market in Corn Continue to Pull Up Soybeans and Wheat? - AgWeb](https://feedsoft.ai/events/6895-will-the-bull-market-in-corn-continue-to-pull-up-soybeans-and-wheat-agweb.md) | +1.0% | -1.0% |
| CORN | 2020-09-22 | [Fall calf market depends on corn, wheat and more \| College News](https://feedsoft.ai/events/51258-fall-calf-market-depends-on-corn-wheat-and-more-college-news.md) | +0.2% | +5.8% |
| CORN | 2019-05-31 | [The Start of a Corn Market Rally \| Red River Farm Network](https://feedsoft.ai/events/59125-the-start-of-a-corn-market-rally-red-river-farm-network.md) | -2.5% | +3.0% |
| WHEAT | 2022-04-22 | [Rabobank: ‘The wheat market is on fire’](https://feedsoft.ai/events/41887-rabobank-the-wheat-market-is-on-fire.md) | +8.5% | +12.7% |
| WHEAT | 2026-01-26 | [Wheat: Cold ground, hot market: wheat prices rise](https://feedsoft.ai/events/21101-wheat-cold-ground-hot-market-wheat-prices-rise.md) | +2.3% | +5.5% |
| WHEAT | 2020-04-04 | [Wheat Market Stabilizes, as the Black Sea Weather Remains Dry](https://feedsoft.ai/events/53686-wheat-market-stabilizes-as-the-black-sea-weather-remains-dry.md) | +2.3% | +1.8% |

## Sources

- theseam.com: https://www.theseam.com/corn-wheat-rise-despite-financial-market-selloff/

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