# Soybeans and corn fall more than 2% as oil drops, wheat also down | ZAWYA

> Chicago soybeans fell 2.8%, corn fell 2.9% and wheat fell 1.5% on Monday after crude oil dropped more than 7%. The US and Iran paused strikes after two weeks of attacks, raising hopes of de-escalation and a resumption of shipping through the Strait of Hormuz. Wheat had reached a two-year high on Friday.

- Date: 2026-07-27 · published 2026-07-27T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8284-soybeans-and-corn-fall-more-than-2-as-oil-drops-wheat-also-down-zawya
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower crude weakens the biofuel link that supports soybeans and corn. Russia-Ukraine attacks on ports still constrain Black Sea grain flows, which limits downside for wheat.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2026-07-27 | 1 | -2.8% | -3.7 | Corn fell 2.9% on Monday alongside a >7% crude drop on US-Iran de-escalation and hopes for reopened Hormuz shipping, matching the move size. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-08-04 | [CBOT grains, soybeans fall as oil drops on Iran hopes \| Stock Market News](https://feedsoft.ai/events/12807-cbot-grains-soybeans-fall-as-oil-drops-on-iran-hopes-stock-market-news.md) | -0.9% | +9.1% |
| SOY | 2026-07-27 | [Corn and Soybeans Fall on US Weather, Pause in US-Iran Strikes - Bloomberg](https://feedsoft.ai/events/8278-corn-and-soybeans-fall-on-us-weather-pause-in-us-iran-strikes-bloomberg.md) | -6.1% | -1.8% |
| SOY | 2026-06-16 | [Corn, Wheat And Soy All See Prices Drop On Prospect Of US-Iran Deal \| ESM Magazine](https://feedsoft.ai/events/18835-corn-wheat-and-soy-all-see-prices-drop-on-prospect-of-us-iran-deal-esm-magazine.md) | -0.2% | +7.4% |
| SOY | 2022-07-14 | [Wheat, soybeans fall on expectations of progress in Ukraine shipping talks - Supply Chain Council of European Union \| Scceu.org](https://feedsoft.ai/events/5976-wheat-soybeans-fall-on-expectations-of-progress-in-ukraine-shipping-talks.md) | -8.8% | +6.3% |
| SOY | 2022-02-25 | [Wheat closes 75¢ lower, corn falls 35¢, soybeans plunge 69¢. Friday, February 25, 2022 28.02.2022 - UkrAgroConsult](https://feedsoft.ai/events/8525-wheat-closes-75-lower-corn-falls-35-soybeans-plunge-69-friday-february-25-2022.md) | +1.1% | +2.4% |
| CORN | 2026-08-04 | [CBOT grains, soybeans fall as oil drops on Iran hopes \| Stock Market News](https://feedsoft.ai/events/12807-cbot-grains-soybeans-fall-as-oil-drops-on-iran-hopes-stock-market-news.md) | -1.3% | +10.1% |
| CORN | 2026-07-27 | [Corn and Soybeans Fall on US Weather, Pause in US-Iran Strikes - Bloomberg](https://feedsoft.ai/events/8278-corn-and-soybeans-fall-on-us-weather-pause-in-us-iran-strikes-bloomberg.md) | -4.8% | +0.5% |
| CORN | 2026-06-16 | [Corn, Wheat And Soy All See Prices Drop On Prospect Of US-Iran Deal \| ESM Magazine](https://feedsoft.ai/events/18835-corn-wheat-and-soy-all-see-prices-drop-on-prospect-of-us-iran-deal-esm-magazine.md) | -0.8% | +1.7% |

## Sources

- zawya.com: https://www.zawya.com/en/business/commodities/soybeans-and-corn-fall-more-than-2-as-oil-drops-wheat-also-down-410691

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