# USDA Reports Cause Grain, Soybean Markets to Continue to Plunge

> Corn, soybean and wheat futures fell further after the July 12 USDA reports, which were mostly neutral for soybeans and wheat and slightly bearish for corn. Crude oil dropped nearly $9, and recession talk and rising COVID cases in China added to demand concerns.

- Date: 2022-07-12 · published 2022-07-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/4307-usda-reports-cause-grain-soybean-markets-to-continue-to-plunge
- 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

Macro-driven selling outweighed the USDA data, so lower energy prices and weaker demand expectations are pushing feed grain and soymeal values down.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2022-07-15 | 5 | -8.9% | -3.0 | Corn extended losses after the USDA report, with crude down nearly $9 and recession and demand concerns adding pressure. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-09-30 | [Grain markets react to unexpected USDA stocks data](https://feedsoft.ai/events/9840-grain-markets-react-to-unexpected-usda-stocks-data.md) | +0.8% | +1.0% |
| CORN | 2017-01-12 | [Corn and Soybean Production Up in 2016, USDA Reports](https://feedsoft.ai/events/72836-corn-and-soybean-production-up-in-2016-usda-reports.md) | +0.1% | +1.9% |
| CORN | 2019-06-28 | [USDA Reports Surprise Sends Corn Market Reeling](https://feedsoft.ai/events/58539-usda-reports-surprise-sends-corn-market-reeling.md) | -2.0% | -4.5% |
| CORN | 2018-09-14 | [Farming News - Markets continuing to adjust their position after USDA report contains some surprises](https://feedsoft.ai/events/62990-farming-news-markets-continuing-to-adjust-their-position-after-usda-report.md) | +2.4% | +4.1% |
| CORN | 2018-08-10 | [Soybeans, Grains Plunge After USDA Raises Production Forecasts](https://feedsoft.ai/events/63478-soybeans-grains-plunge-after-usda-raises-production-forecasts.md) | -7.5% | -9.1% |
| SOY | 2017-01-12 | [Corn and Soybean Production Up in 2016, USDA Reports](https://feedsoft.ai/events/72836-corn-and-soybean-production-up-in-2016-usda-reports.md) | +6.7% | +4.7% |
| SOY | 2017-04-12 | [USDA Crop Reports Bearish for U.S. Corn, Wheat and Soybean Markets - Northern Ag Network](https://feedsoft.ai/events/71446-usda-crop-reports-bearish-for-u-s-corn-wheat-and-soybean-markets-northern-ag.md) | +1.2% | +2.4% |
| SOY | 2018-10-12 | [Grain markets continue to test our patience — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/62582-grain-markets-continue-to-test-our-patience-this-week-in-the-grain-markets.md) | +0.6% | +1.1% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2022/07/12/usda-reports-cause-grain-soybean

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