# U.S. grains: New forecast ends rallies - Manitoba Co-operator

> U.S. soybean futures fell 3.8% on Thursday as new forecasts reduced the expected length of Corn Belt heat and added rain. Corn and wheat also closed lower after early two-week highs, and wheat was pressured by large Russian and U.S. harvest expectations.

- Date: 2016-07-14 · published 2016-07-14T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/4942-u-s-grains-new-forecast-ends-rallies-manitoba-co-operator
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Improved crop weather and expectations of big global harvests point to lower soybean, corn and wheat prices, which eases feed ingredient costs.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-09-09 | [U.S. grains: Corn, soy hit lows on weather, before technical bounce - Manitoba Co-operator](https://feedsoft.ai/events/9144-u-s-grains-corn-soy-hit-lows-on-weather-before-technical-bounce-manitoba-co.md) | +4.7% | +8.4% |
| SOY | 2024-01-29 | [U.S. grains: Soy hits 2-yr lows on South American crop prospects, demand worries - Manitoba Co-operator](https://feedsoft.ai/events/6842-u-s-grains-soy-hits-2-yr-lows-on-south-american-crop-prospects-demand-worries.md) | -1.7% | -6.1% |
| SOY | 2024-07-26 | [U.S. grains: Soy tumbles as U.S. rain forecast offers relief \| Farmtario](https://feedsoft.ai/events/29281-u-s-grains-soy-tumbles-as-u-s-rain-forecast-offers-relief-farmtario.md) | -8.4% | -15.7% |
| SOY | 2019-12-19 | [U.S. grains: Soy futures ease on rains in South American forecasts - Grainews](https://feedsoft.ai/events/55628-u-s-grains-soy-futures-ease-on-rains-in-south-american-forecasts-grainews.md) | +1.0% | +0.1% |
| SOY | 2019-05-17 | [U.S. grains: Corn extends rally, wheat touches six-week high - Grainews](https://feedsoft.ai/events/5631-u-s-grains-corn-extends-rally-wheat-touches-six-week-high-grainews.md) | -2.2% | +6.8% |
| CORN | 2019-09-09 | [U.S. grains: Corn, soy hit lows on weather, before technical bounce - Manitoba Co-operator](https://feedsoft.ai/events/9144-u-s-grains-corn-soy-hit-lows-on-weather-before-technical-bounce-manitoba-co.md) | -0.9% | +3.4% |
| CORN | 2024-01-29 | [U.S. grains: Soy hits 2-yr lows on South American crop prospects, demand worries - Manitoba Co-operator](https://feedsoft.ai/events/6842-u-s-grains-soy-hits-2-yr-lows-on-south-american-crop-prospects-demand-worries.md) | -0.7% | -7.2% |
| CORN | 2022-05-26 | [U.S. grains: Rainy forecast pushes soy to three-month high - Grainews](https://feedsoft.ai/events/41426-u-s-grains-rainy-forecast-pushes-soy-to-three-month-high-grainews.md) | -4.6% | -3.2% |

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/daily/u-s-grains-new-forecast-ends-rallies/

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