# CBOT agricultural futures go lower amid wetter weather forecast

> CBOT agricultural futures declined in the past week, with corn the biggest downside leader after forecasts trended wetter across Iowa and the Eastern Midwest. AgResource maintains a bullish outlook, citing Brazil's year-over-year production decline and rising Chinese and non-Chinese import needs. U.S. wheat futures also ended weaker on supply pressure from winter wheat harvests.

- Date: 2021-07-12 · published 2021-07-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7776-cbot-agricultural-futures-go-lower-amid-wetter-weather-forecast
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Wetter forecasts ease yield worries and push corn lower, but tightening US exporter stocks and strong import demand could support prices later in the crop year. Feed buyers may find current prices attractive for forward coverage.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/cbot-agricultural-futures-go-lower-amid-wetter-weather-forecast/

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