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Crop prices fell sharply in the third week of June 2022, with corn down 30-40 cents and soybeans about $1 per bushel, then recovered roughly half of corn and soybean losses by June 28. Ontario analyst Steve Kell attributed the drop to futures investors exiting July contracts ahead of delivery and a larger pool of institutional money in grain.
Fund-driven liquidation in July contracts amplified the price swing, and the quick rebound suggests underlying supply fundamentals remain supportive for feed grains and oilseeds into harvest.
farmersforum.comJul 6, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
