# After the Bell | August 15, 2022 - Pro Farmer

> Soybeans fell sharply to their lowest close since Aug. 8 on favorable Midwest weather and concerns about weaker Chinese data. Corn and wheat also closed lower as crude oil fell and the dollar strengthened. USDA crop condition ratings were mostly steady to slightly higher.

- Date: 2022-08-15 · published 2022-08-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6528-after-the-bell-august-15-2022-pro-farmer
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Better crop prospects and weaker energy and export demand outlooks lower feed grain and soymeal values. The market is pricing in more supply and softer demand.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- WTI: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- KWHEAT: bearish ▼
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2022-08-14 | 1 | -10.5% | -5.2 | Soybeans fell sharply on favorable Midwest weather and weak Chinese data, with crude down and the dollar stronger. |
| SBM | 2022-08-15 | 5 | -12.4% | -3.7 | Soybeans closed sharply lower on Aug 15 on favorable Midwest weather and weaker Chinese data, directly weighing on meal. |

## Sources

- profarmer.com: https://www.profarmer.com/news/after-bell/after-bell-august-15-2022
- profarmer.com: https://www.profarmer.com/news/after-bell/after-bell-august-16-2022

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