# Column: Grains take a nosedive | Business | journalgazette.net

> Grain markets fell sharply after a USDA report raised global stockpile estimates for corn, wheat and soybeans, reversing two weeks of rallies on hot, dry weather fears. Corn lost as much as 35 cents a bushel, wheat 50 cents and soybeans more than 60 cents during the week. Gasoline futures rose to a five-week high on firmer driver demand.

- Date: 2017-07-14 · published 2017-07-14T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/7088-column-grains-take-a-nosedive-business-journalgazette-net
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher global supplies signal that foreign harvests can offset U.S. losses, pressuring feed grain prices lower. Rising crude and gasoline prices could lift energy-linked costs even as grain values fall.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-07-13 | [Wasde report corners grain market - Analysis Grains & Raw Material \| Boerenbusiness. Nl](https://feedsoft.ai/events/34987-wasde-report-corners-grain-market-analysis-grains-and-raw-material.md) | -1.6% | -7.1% |
| CORN | 2026-01-23 | [Mount Corn grows bigger - High Plains Journal](https://feedsoft.ai/events/21085-mount-corn-grows-bigger-high-plains-journal.md) | +1.6% | +0.5% |
| CORN | 2019-08-12 | [Corn ending stocks takes analysts by surprise \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/57552-corn-ending-stocks-takes-analysts-by-surprise-iowa-agribusiness-radio-network.md) | -6.0% | -8.6% |
| CORN | 2019-08-12 | [Brazil harvests 241 million tonnes of grains - Food & Agribusiness](https://feedsoft.ai/events/57422-brazil-harvests-241-million-tonnes-of-grains-food-and-agribusiness.md) | -6.0% | -8.6% |
| CORN | 2022-07-13 | [US MIDDAY: Grains: Losses deepen - Markets - Business Recorder](https://feedsoft.ai/events/4310-us-midday-grains-losses-deepen-markets-business-recorder.md) | -11.6% | -12.4% |
| WHEAT | 2023-07-13 | [Wasde report corners grain market - Analysis Grains & Raw Material \| Boerenbusiness. Nl](https://feedsoft.ai/events/34987-wasde-report-corners-grain-market-analysis-grains-and-raw-material.md) | +3.7% | +3.6% |
| WHEAT | 2018-11-09 | [China's revised figures shake up grain market - Inside Grains & Raw Material \| Boerenbusiness. Nl](https://feedsoft.ai/events/61989-china-s-revised-figures-shake-up-grain-market-inside-grains-and-raw-material.md) | -0.4% | +1.0% |
| WHEAT | 2019-08-12 | [Corn ending stocks takes analysts by surprise \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/57552-corn-ending-stocks-takes-analysts-by-surprise-iowa-agribusiness-radio-network.md) | -0.1% | -2.9% |

## Sources

- journalgazette.net: https://www.journalgazette.net/business/column-grains-take-a-nosedive/article_7189e079-cc63-5c52-be28-27e71d75bd2e.html

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