# Soybeans, corn, wheat drop on broader market - Brownfield Ag News

> Soybeans, corn and wheat fell sharply on fund and technical selling, along with spillover from crude oil and the dollar. USDA lowered the new-crop U.S. soybean production estimate and cut crush and export projections, while Brazil's 2022 soybean crop was pegged at 125.79 million tons.

- Date: 2022-07-12 · published 2022-07-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5591-soybeans-corn-wheat-drop-on-broader-market-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower U.S. soybean production and export projections are mildly supportive, but the broader bearish grain and oilseed sentiment dominated, pressuring soybean meal and oil futures.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2022-07-19 | 5 | -9.9% | -3.3 | Soybeans, corn and wheat fell sharply on July 12 on fund and technical selling plus spillover from crude oil and the dollar, and USDA's cuts to crush and exports added to the pressure on the soy complex. |
| CORN | 2022-07-14 | 1 | -8.1% | -4.5 | Fund and technical selling plus spillover from crude oil and the dollar drove corn lower. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-corn-wheat-drop-on-broader-market/

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