# Recession fears spur wheat cuts – The Seam

> Wheat prices fell over 3% on Monday after a Wall Street selloff, sinking energy prices, and a stronger dollar. Corn dropped around 1% while soybeans closed with modest gains, and crude oil fell below $77 per barrel on Fed rate-hike recession fears.

- Date: 2022-12-05 · published 2022-12-05T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/6647-recession-fears-spur-wheat-cuts-the-seam
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar and lower energy prices weigh on grain values, with recession worries reducing demand expectations for feed grains and wheat.

## Read by commodity

- DXY: bullish ▲
- SOY: bullish ▲
- WTI: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2022-12-05 | 5 | -13.1% | -3.0 | A Wall Street selloff, weaker energy and a stronger dollar on recession fears cut wheat over 3% on Dec 5, adding macro and sentiment pressure. |
| WHEAT | 2022-12-05 | 1 | -12.3% | -4.8 | A Wall Street selloff, falling energy prices and a stronger dollar on recession fears drove broad risk-off selling in wheat on Dec 5. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-06-23 | [Recession worries trigger grains selloff – The Seam](https://feedsoft.ai/events/12700-recession-worries-trigger-grains-selloff-the-seam.md) | +1.7% | -4.4% |
| WHEAT | 2023-06-09 | [Falling commodity prices stoke fear of global recession](https://feedsoft.ai/events/6884-falling-commodity-prices-stoke-fear-of-global-recession.md) | +0.5% | +2.4% |
| WHEAT | 2022-07-07 | [The recent commodity sell-off](https://feedsoft.ai/events/5055-the-recent-commodity-sell-off.md) | -5.1% | -4.3% |
| WHEAT | 2016-10-24 | [Wheat prices sink nearly three percent](https://feedsoft.ai/events/10539-wheat-prices-sink-nearly-three-percent.md) | -2.0% | -0.5% |
| WHEAT | 2024-11-06 | [Wheat, corn and soy fall as market anticipates Trump win - Markets - Business Recorder](https://feedsoft.ai/events/10552-wheat-corn-and-soy-fall-as-market-anticipates-trump-win-markets-business.md) | -0.9% | -2.0% |
| CORN | 2022-06-23 | [Recession worries trigger grains selloff – The Seam](https://feedsoft.ai/events/12700-recession-worries-trigger-grains-selloff-the-seam.md) | +1.6% | -10.7% |
| CORN | 2022-12-16 | [Global recession worries chip away at corn, soybeans – The Seam](https://feedsoft.ai/events/5521-global-recession-worries-chip-away-at-corn-soybeans-the-seam.md) | +0.7% | +3.0% |
| CORN | 2022-06-23 | [Hog, live cattle futures fall on recession fears - CME
						 \| The Beef Site](https://feedsoft.ai/events/41079-hog-live-cattle-futures-fall-on-recession-fears-cme-the-beef-site.md) | +1.6% | -10.7% |

## Sources

- theseam.com: https://www.theseam.com/recession-fears-spur-wheat-cuts/

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