# Weather and recession fears trump USDA report - Agweek | #1 source for agriculture news, farming, markets

> North Dakota's average winter wheat yield rose 11 bushels per acre from June's estimate to a record 58 bushels in USDA's July crop production report. Grains closed the first full trading week of July higher after heavy early selling, with markets watching rain chances in drought-affected areas.

- Date: 2022-07-15 · published 2022-07-15T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/5593-weather-and-recession-fears-trump-usda-report-agweek-1-source-for-agriculture
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Record yields add bearish pressure on wheat supply, while drought concerns in growing areas could limit further downside in corn and soybeans.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-12-22 | [Grains respond to continued hot, dry weather in Brazil - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/11282-grains-respond-to-continued-hot-dry-weather-in-brazil-agweek-1-source-for.md) | +0.9% | +1.5% |
| WHEAT | 2018-07-15 | [New contract lows for crops - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/5849-new-contract-lows-for-crops-agweek-1-source-for-agriculture-news-farming-markets.md) | +4.1% | +8.5% |
| WHEAT | 2016-06-20 | [Corn sags 3 percent as forecast rains trigger long liquidation - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/9745-corn-sags-3-percent-as-forecast-rains-trigger-long-liquidation-agweek-1-source.md) | +2.7% | -8.2% |
| WHEAT | 2019-09-07 | [Tumbling into September — this week in the grain markets - RealAgriculture](https://feedsoft.ai/events/9143-tumbling-into-september-this-week-in-the-grain-markets-realagriculture.md) | -0.8% | +4.6% |
| WHEAT | 2024-09-28 | [Soy futures soar on US weather woes - Markets - Business Recorder](https://feedsoft.ai/events/28337-soy-futures-soar-on-us-weather-woes-markets-business-recorder.md) | +0.6% | -6.3% |
| KWHEAT | 2021-03-12 | [Wheat flat; set for second weekly drop as US weather improves - Markets - Business Recorder](https://feedsoft.ai/events/5121-wheat-flat-set-for-second-weekly-drop-as-us-weather-improves-markets-business.md) | -1.5% | -1.6% |
| KWHEAT | 2026-06-26 | [OSU’s Todd Hubbs says Favorable Weather and Heavy Supplies Stifle Grain Markets - Oklahoma Farm Report](https://feedsoft.ai/events/11700-osu-s-todd-hubbs-says-favorable-weather-and-heavy-supplies-stifle-grain-markets.md) | +1.0% | +20.1% |
| KWHEAT | 2023-04-25 | [Wheat hovers near 21-month low as weather, exports weigh - Markets - Business Recorder](https://feedsoft.ai/events/10361-wheat-hovers-near-21-month-low-as-weather-exports-weigh-markets-business.md) | -5.4% | -0.9% |

## Sources

- agweek.com: https://www.agweek.com/business/markets/weather-and-recession-fears-trump-usda-report

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