# Wheat, soybeans fall on expectations of progress in Ukraine shipping talks - Supply Chain Council of European Union | Scceu.org

> Chicago wheat fell 0.4% to $8.07-1/4 and soybeans dropped 1.3% to $13.34 on July 14, 2022, while corn was flat at $5.95-1/4. The decline followed reports of progress in Istanbul talks on a safe corridor for Ukrainian grain and oilseed exports. Fears of a global recession also weighed on prices.

- Date: 2022-07-14 · published 2022-07-14T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/5976-wheat-soybeans-fall-on-expectations-of-progress-in-ukraine-shipping-talks
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Expectations of Black Sea shipping resuming would add Ukrainian supply to world markets and ease wheat tightness. Recession worries reduce demand expectations for feed grains and oilseeds.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2022-07-14 | 1 | -8.9% | -5.9 | Reports soybeans down on July 14 on Istanbul talks progress on a Ukrainian grain corridor and recession fears, which are bearish sentiment and supply factors. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-05-26 | [Wheat continues to fall in price on the news of a possible unblocking of Ukrainian ports 26.05.2022 - UkrAgroConsult](https://feedsoft.ai/events/41432-wheat-continues-to-fall-in-price-on-the-news-of-a-possible-unblocking-of.md) | -1.9% | -2.9% |
| WHEAT | 2026-06-16 | [Corn, Wheat And Soy All See Prices Drop On Prospect Of US-Iran Deal \| ESM Magazine](https://feedsoft.ai/events/18835-corn-wheat-and-soy-all-see-prices-drop-on-prospect-of-us-iran-deal-esm-magazine.md) | -0.9% | -0.7% |
| WHEAT | 2022-03-17 | [U.S. grains: May wheats limit-down as peace talks progress - Manitoba Co-operator](https://feedsoft.ai/events/9944-u-s-grains-may-wheats-limit-down-as-peace-talks-progress-manitoba-co-operator.md) | +15.8% | +5.9% |
| WHEAT | 2022-08-08 | [Russia, Ukraine agree to protect Ukraine grain shipping channel \| Reuters](https://feedsoft.ai/events/14461-russia-ukraine-agree-to-protect-ukraine-grain-shipping-channel-reuters.md) | +7.4% | -3.7% |
| WHEAT | 2026-10-01 | [US Harvest Progress Caps Corn Gains as Black Sea Talks Pressure Wheat](https://feedsoft.ai/events/17499-us-harvest-progress-caps-corn-gains-as-black-sea-talks-pressure-wheat.md) | -2.9% | +0.5% |
| KWHEAT | 2022-05-26 | [Wheat continues to fall in price on the news of a possible unblocking of Ukrainian ports 26.05.2022 - UkrAgroConsult](https://feedsoft.ai/events/41432-wheat-continues-to-fall-in-price-on-the-news-of-a-possible-unblocking-of.md) | -7.3% | -19.5% |
| KWHEAT | 2022-03-17 | [U.S. grains: May wheats limit-down as peace talks progress - Manitoba Co-operator](https://feedsoft.ai/events/9944-u-s-grains-may-wheats-limit-down-as-peace-talks-progress-manitoba-co-operator.md) | +3.6% | +9.5% |
| KWHEAT | 2026-10-22 | [Russia's promise to resume negotiations with Ukraine led to a speculative 2.5% decrease in wheat stock exchange quotes in one day.](https://feedsoft.ai/events/17160-russia-s-promise-to-resume-negotiations-with-ukraine-led-to-a-speculative-2-5.md) | -3.4% | — |

## Sources

- scceu.org: https://scceu.org/wheat-soybeans-fall-on-expectations-of-progress-in-ukraine-shipping-talks/

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