# Global recession worries chip away at corn, soybeans – The Seam

> US corn and soybean futures slipped early Friday as global selloffs on rate hike worries and weak US retail spending data hit commodities. Soybeans eased as rain and warmer weather in Brazil pushed the newly planted crop toward a large harvest, though a robust USDA export sales report limited losses.

- Date: 2022-12-16 · published 2022-12-16T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/5521-global-recession-worries-chip-away-at-corn-soybeans-the-seam
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Recession fears and a stronger dollar weigh on feed-grain demand, while favorable Brazilian weather points to larger soybean supply and softer meal prices.

## Read by commodity

- DXY: bullish ▲
- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-06-23 | [Recession worries trigger grains selloff – The Seam](https://feedsoft.ai/events/12700-recession-worries-trigger-grains-selloff-the-seam.md) | +1.6% | -10.7% |
| CORN | 2022-12-05 | [Recession fears spur wheat cuts – The Seam](https://feedsoft.ai/events/6647-recession-fears-spur-wheat-cuts-the-seam.md) | -0.2% | +4.7% |
| CORN | 2020-03-09 | [Corn, soybeans, wheat drop about 2% as global markets recoil \| Financial Post](https://feedsoft.ai/events/11269-corn-soybeans-wheat-drop-about-2-as-global-markets-recoil-financial-post.md) | +0.3% | -1.7% |
| CORN | 2024-08-05 | [Emerging Markets equities slump as US recession fears spark global selloff](https://feedsoft.ai/events/12017-emerging-markets-equities-slump-as-us-recession-fears-spark-global-selloff.md) | -1.7% | -1.5% |
| CORN | 2026-03-01 | [Why Corn and Soybean Prices May Not Rebound Until 2027](https://feedsoft.ai/events/20625-why-corn-and-soybean-prices-may-not-rebound-until-2027.md) | +2.0% | +5.1% |
| SOY | 2022-06-23 | [Recession worries trigger grains selloff – The Seam](https://feedsoft.ai/events/12700-recession-worries-trigger-grains-selloff-the-seam.md) | +1.3% | -14.2% |
| SOY | 2020-03-09 | [Corn, soybeans, wheat drop about 2% as global markets recoil \| Financial Post](https://feedsoft.ai/events/11269-corn-soybeans-wheat-drop-about-2-as-global-markets-recoil-financial-post.md) | -4.1% | -3.3% |
| SOY | 2026-03-01 | [Why Corn and Soybean Prices May Not Rebound Until 2027](https://feedsoft.ai/events/20625-why-corn-and-soybean-prices-may-not-rebound-until-2027.md) | +2.4% | +0.2% |

## Sources

- theseam.com: https://www.theseam.com/global-recession-worries-chip-away-at-corn-soybeans/

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