# Chicago agricultural commodities slide on high crop ratings_Xinhua Finance Agency

> CBOT corn, wheat and soybean futures fell on Tuesday after USDA rated 76% of corn and 71% of soybeans good to excellent, among the highest mid-July ratings in 20 years. Moderating temperatures were also forecast for the following week.

- Date: 2016-07-20 · published 2016-07-20T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/7422-chicago-agricultural-commodities-slide-on-high-crop-ratings-xinhua-finance
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

High crop ratings and a bearish sentiment shift point to ample feed grain supply, pressuring corn, wheat and soybean prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-12-01 | [Seasonal conditions \| Agricultural Commodities](https://feedsoft.ai/events/21413-seasonal-conditions-agricultural-commodities.md) | +0.3% | +0.3% |
| CORN | 2024-03-01 | [Seasonal conditions \| Agricultural Commodities](https://feedsoft.ai/events/31123-seasonal-conditions-agricultural-commodities.md) | +4.5% | +5.7% |
| CORN | 2024-04-16 | [USDA predicts lower crop prices for key commodities in 2024 \| Agriculture Dive](https://feedsoft.ai/events/30684-usda-predicts-lower-crop-prices-for-key-commodities-in-2024-agriculture-dive.md) | -0.3% | +3.3% |
| CORN | 2019-11-27 | [EU-28: Crop Update \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/55995-eu-28-crop-update-usda-foreign-agricultural-service.md) | +0.8% | +2.4% |
| CORN | 2019-10-02 | [CoBank: Volatility continues to roil U.S. agricultural markets \| TheFencePost.com](https://feedsoft.ai/events/56706-cobank-volatility-continues-to-roil-u-s-agricultural-markets-thefencepost-com.md) | +2.2% | -1.0% |
| WHEAT | 2025-12-01 | [Seasonal conditions \| Agricultural Commodities](https://feedsoft.ai/events/21413-seasonal-conditions-agricultural-commodities.md) | +1.9% | +0.7% |
| WHEAT | 2024-03-01 | [Seasonal conditions \| Agricultural Commodities](https://feedsoft.ai/events/31123-seasonal-conditions-agricultural-commodities.md) | +6.4% | +0.6% |
| WHEAT | 2024-09-01 | [Seasonal conditions \| Agricultural Commodities](https://feedsoft.ai/events/28236-seasonal-conditions-agricultural-commodities.md) | +3.6% | +14.4% |

## Sources

- en.xfafinance.com: http://en.xfafinance.com/html/Markets/Commodities/2016/243474.shtml

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