# IF YOU HAVEN’T PANICKED YET, WHY WOULD YOU NOW? — Market Minute Grain Market Advisory Newsletter w Grain Market Commentary on Commodity Prices -Subscriber Content

> Grain futures fell sharply after USDA data showed higher-than-expected soybean and wheat stocks and a large upward revision to 2023 wheat production. Wheat posted its largest one-day loss since March 2022, falling more than 6%. Corn was also dragged lower despite a report that was not bearish for it.

- Date: 2023-10-01 · published 2023-10-01T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/7142-if-you-haven-t-panicked-yet-why-would-you-now-market-minute-grain-market
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The surprise wheat production increase and larger soybean stocks shift the balance sheet toward surplus. Feed buyers should expect continued weakness in grain and soybean meal values.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2023-10-02 | 1 | -4.0% | -4.4 | It describes the large upward revision to 2023 wheat production and the biggest one-day loss since March 2022, which set the bearish tone, but the main drop came before the Oct 2 window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-08-12 | [Grain markets hit turbulence, after key report ups wheat supply hopes, but slashes corn - Grain Price News](https://feedsoft.ai/events/39957-grain-markets-hit-turbulence-after-key-report-ups-wheat-supply-hopes-but.md) | -2.3% | -11.7% |
| WHEAT | 2022-11-09 | [Wheat prices hold near two-month lows, after US lifts world supply hopes - Grain Price News](https://feedsoft.ai/events/38647-wheat-prices-hold-near-two-month-lows-after-us-lifts-world-supply-hopes-grain.md) | +1.1% | -9.0% |
| WHEAT | 2022-07-05 | [Grain prices plunge, as Canada data add to pressure from market mayhem - Grain Price News](https://feedsoft.ai/events/5056-grain-prices-plunge-as-canada-data-add-to-pressure-from-market-mayhem-grain.md) | -5.0% | -4.3% |
| WHEAT | 2025-11-14 | [Grain Markets Tank Friday on USDA Reports: How Low Will Prices Go? - AgWeb](https://feedsoft.ai/events/21973-grain-markets-tank-friday-on-usda-reports-how-low-will-prices-go-agweb.md) | +1.4% | +1.0% |
| WHEAT | 2025-12-05 | [Record Canadian crop weigh on rapeseed prices: Grain market daily \| AHDB](https://feedsoft.ai/events/21605-record-canadian-crop-weigh-on-rapeseed-prices-grain-market-daily-ahdb.md) | -1.6% | -1.1% |
| SOY | 2025-07-11 | [Grain Markets Tank on Weather, Fade the WASDE: How Low Could Prices Fall? - AgWeb](https://feedsoft.ai/events/11928-grain-markets-tank-on-weather-fade-the-wasde-how-low-could-prices-fall-agweb.md) | +0.9% | -4.0% |
| SOY | 2022-08-12 | [Grain markets hit turbulence, after key report ups wheat supply hopes, but slashes corn - Grain Price News](https://feedsoft.ai/events/39957-grain-markets-hit-turbulence-after-key-report-ups-wheat-supply-hopes-but.md) | -12.5% | -12.9% |
| SOY | 2021-10-20 | [CIH's Hog Margin Watch Report for October 1-15, 2021 - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info](https://feedsoft.ai/events/44728-cih-s-hog-margin-watch-report-for-october-1-15-2021-swineweb-com-complete-swine.md) | +0.8% | +1.9% |

## Sources

- dailymarketminute.com: https://www.dailymarketminute.com/subscriber-content/if-you-havent-panicked-yet-why-would-you-now

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