# Grain markets close mostly lower in very volatile day of trade. Monday, May 2, 2022 03.05.2022 - UkrAgroConsult

> Grain markets closed mostly lower on improved weather forecasts and heavy fund selling, with July corn down 10 cents to $8.03 1/2. Corn planting reached 14% versus a 33% five-year average, and soybean planting reached 8% versus 13%. Livestock futures closed mixed, with June hogs down and June cattle up.

- Date: 2022-05-02 · published 2022-05-02T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/5841-grain-markets-close-mostly-lower-in-very-volatile-day-of-trade-monday-may-2
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Warmer, drier forecasts reduce weather-related risk premium, but planting delays keep yield concerns alive. Fund liquidation drove the sell-off more than fundamentals.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- HOGS: bearish ▼
- KWHEAT: bearish ▼
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2022-05-02 | 1 | -7.7% | -5.8 | Directly describes the May 2 grain selloff: heavy fund selling and improved weather forecasts pushed July corn down 10 cents to $8.03 1/2 in a very volatile session. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-06-17 | [Soybeans close $1.18 lower, corn ends limit down \| Thursday, June 17, 2021 - UkrAgroConsult](https://feedsoft.ai/events/5765-soybeans-close-1-18-lower-corn-ends-limit-down-thursday-june-17-2021.md) | -2.4% | +2.5% |
| CORN | 2021-12-20 | [Grains mixed to start the holiday shortened week. Monday, December 20, 2021 21.12.2021 - UkrAgroConsult](https://feedsoft.ai/events/8019-grains-mixed-to-start-the-holiday-shortened-week-monday-december-20-2021-21-12.md) | -2.3% | -2.0% |
| CORN | 2021-09-16 | [Rainfall likely to boost soil moisture in south, help corn sowing 16.09.2021 - UkrAgroConsult](https://feedsoft.ai/events/44918-rainfall-likely-to-boost-soil-moisture-in-south-help-corn-sowing-16-09-2021.md) | -5.1% | -6.3% |
| CORN | 2017-03-20 | [GRAINS MARKETS: Crops unable to hold early gains, end lower](https://feedsoft.ai/events/10722-grains-markets-crops-unable-to-hold-early-gains-end-lower.md) | -2.1% | -0.6% |
| CORN | 2017-06-12 | [GRAIN MARKETS: Crops tumble as rain moves in](https://feedsoft.ai/events/70423-grain-markets-crops-tumble-as-rain-moves-in.md) | -0.6% | +2.1% |
| SOY | 2021-06-17 | [Soybeans close $1.18 lower, corn ends limit down \| Thursday, June 17, 2021 - UkrAgroConsult](https://feedsoft.ai/events/5765-soybeans-close-1-18-lower-corn-ends-limit-down-thursday-june-17-2021.md) | -4.4% | -0.1% |
| SOY | 2022-06-15 | [North American Grain and Oilseed Review: Canola shows measure of strength 15.06.2022 - UkrAgroConsult](https://feedsoft.ai/events/7217-north-american-grain-and-oilseed-review-canola-shows-measure-of-strength-15-06.md) | -2.7% | -5.2% |
| SOY | 2021-02-02 | [Groundhog Day. Grains Mostly Lower. - ADM Investor Services](https://feedsoft.ai/events/5825-groundhog-day-grains-mostly-lower-adm-investor-services.md) | +1.6% | +3.6% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/grain-markets-close-mostly-lower-in-very-volatile-day-of-trade-monday-may-2-2022/

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