# Demand uncertainty snipes grain prices – The Seam

> Corn, soybeans and wheat all opened the week lower. Traders focused on weaker-than-expected Chinese economic data, which triggered a broad commodity selloff including crude oil. Rain was forecast across the Midwest and Plains.

- Date: 2022-08-15 · published 2022-08-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6529-demand-uncertainty-snipes-grain-prices-the-seam
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Expectations of weaker Chinese demand reduce export outlooks for U.S. grains and oilseeds. Lower crude prices also weigh on ethanol and biofuel-linked demand.

## Read by commodity

- SOY: bearish ▼
- WTI: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2022-08-14 | 1 | -10.5% | -5.2 | Grains opened lower on China demand uncertainty, a broad commodity selloff including crude oil, and Midwest rain forecasts. |

## Sources

- theseam.com: https://www.theseam.com/demand-uncertainty-snipes-grain-prices/

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