# Margins hold tight despite falling prices

> Dairy prices entered summer with a bearish tone as cheese and milk powder fell to their lowest since February. Corn futures followed oil lower to their lowest since February, while soybeans held above Q1 levels on good crop conditions.

- Date: 2026-07-02 · published 2026-07-02T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/8576-margins-hold-tight-despite-falling-prices
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower energy prices are pulling corn down and weakening dairy demand, while improved dairy margins from higher milk prices and steady feed costs support herd feed buying.

## Read by commodity

- SOY: neutral
- WTI: bearish ▼
- CORN: bearish ▼
- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-04-28 | [Poor Chinese hog margins to weigh on feed grain price outlook \| The Land \| NSW](https://feedsoft.ai/events/41839-poor-chinese-hog-margins-to-weigh-on-feed-grain-price-outlook-the-land-nsw.md) | -7.5% | -2.6% |
| CORN | 2020-03-10 | [Corn, soybean prices fall, equity markets collapse \| TSLN.com](https://feedsoft.ai/events/11275-corn-soybean-prices-fall-equity-markets-collapse-tsln-com.md) | -3.4% | -3.3% |
| CORN | 2022-07-07 | [What Do Recent Falling Feed Prices Mean For Dairy Producers? - EDairy News English](https://feedsoft.ai/events/8551-what-do-recent-falling-feed-prices-mean-for-dairy-producers-edairy-news-english.md) | -0.6% | -15.3% |
| CORN | 2016-11-22 | [Covering the Floor Price](https://feedsoft.ai/events/73883-covering-the-floor-price.md) | -3.6% | -0.8% |
| CORN | 2020-03-11 | [Ag Markets Feel Pinch As Oil Prices Plunge - ProAg](https://feedsoft.ai/events/54223-ag-markets-feel-pinch-as-oil-prices-plunge-proag.md) | -6.0% | -3.6% |
| SOY | 2026-07-30 | [Brazil fertilizer deliveries seen falling at least 10%](https://feedsoft.ai/events/18687-brazil-fertilizer-deliveries-seen-falling-at-least-10.md) | -2.2% | +6.5% |
| SOY | 2018-05-31 | [Should U.S. Farmers Fret Over Falling Ag Currencies?](https://feedsoft.ai/events/64951-should-u-s-farmers-fret-over-falling-ag-currencies.md) | -2.8% | -15.2% |
| SOY | 2025-08-15 | [2025 farm profit forecast: Negative, despite bigger government payments](https://feedsoft.ai/events/23305-2025-farm-profit-forecast-negative-despite-bigger-government-payments.md) | +2.6% | +1.7% |

## Sources

- hoards.com: https://hoards.com/article-38373-Margins-hold-tight-despite-falling-prices.html

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