# Grain prices keep falling, despite drought

> Wheat, corn and soybean prices have fallen sharply over the past three months, down about 35%, 25% and 17% respectively, even though much of the Lower 48 remains in drought. Demand concerns, especially in China, began pressuring prices in June. Rain in key corn belt states and the tentative return of Black Sea grain shipments also eased prices.

- Date: 2022-08-18 · published 2022-08-18T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/7059-grain-prices-keep-falling-despite-drought
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower grain prices reduce feed input costs for livestock buyers and ease food inflation. The drought still threatens specific crops and regions, so the price decline could reverse if dry conditions persist.

## Read by commodity

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

## Sources

- axios.com: https://www.axios.com/2022/08/18/drought-crop-grain-prices-falling

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