# Big drop for corn, soybeans, and wheat - Brownfield Ag News

> Soybeans, corn and wheat dropped sharply on profit taking and technical selling after the previous day's USDA report. Rain in parts of the Midwest and Plains eased weather worries, though some areas experienced flooding and the western Plains are expected to turn hot and dry again.

- Date: 2017-07-13 · published 2017-07-13T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/6475-big-drop-for-corn-soybeans-and-wheat-brownfield-ag-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.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

Improved rainfall and weaker export sales reduce the weather premium in grain prices, which lowers feed grain costs. Renewed western heat could limit the downside if dry weather returns.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2016-08-24 | [Soybeans, corn down on generally good crop weather - Brownfield Ag News](https://feedsoft.ai/events/10614-soybeans-corn-down-on-generally-good-crop-weather-brownfield-ag-news.md) | -7.1% | -0.8% |
| CORN | 2022-08-16 | [Soybeans, corn see more weather pressure - Brownfield Ag News](https://feedsoft.ai/events/6531-soybeans-corn-see-more-weather-pressure-brownfield-ag-news.md) | -3.7% | +2.5% |
| CORN | 2016-07-20 | [Near term weather forecasts pressure soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/10877-near-term-weather-forecasts-pressure-soybeans-corn-brownfield-ag-news.md) | -1.6% | -4.1% |
| CORN | 2021-12-13 | [Soybeans, corn down after rain in South America - Brownfield Ag News](https://feedsoft.ai/events/9262-soybeans-corn-down-after-rain-in-south-america-brownfield-ag-news.md) | -0.1% | +0.8% |
| CORN | 2018-06-11 | [Rain in much of Midwest sends soybeans, corn lower - Brownfield Ag News](https://feedsoft.ai/events/8247-rain-in-much-of-midwest-sends-soybeans-corn-lower-brownfield-ag-news.md) | -3.5% | -5.6% |
| SOY | 2016-08-24 | [Soybeans, corn down on generally good crop weather - Brownfield Ag News](https://feedsoft.ai/events/10614-soybeans-corn-down-on-generally-good-crop-weather-brownfield-ag-news.md) | -6.6% | -5.7% |
| SOY | 2022-08-16 | [Soybeans, corn see more weather pressure - Brownfield Ag News](https://feedsoft.ai/events/6531-soybeans-corn-see-more-weather-pressure-brownfield-ag-news.md) | +2.2% | +2.7% |
| SOY | 2016-07-20 | [Near term weather forecasts pressure soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/10877-near-term-weather-forecasts-pressure-soybeans-corn-brownfield-ag-news.md) | -4.8% | -2.3% |

## Sources

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

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