# This Week In Dairy 12-02-2022 - Total Farm Marketing by Stewart-Peterson

> The week's grain and dairy markets saw corn and wheat under heavy selling pressure while soybeans and meal gained. Corn futures fell to a three-month low, with US exports running 6% below the five-year average and a possible rail strike weighing on sentiment. The EU corn crop estimate was cut to 53.3 million tonnes, and the US dollar index fell to its lowest weekly close since August.

- Date: 2022-12-02 · published 2022-12-02T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/8751-this-week-in-dairy-12-02-2022-total-farm-marketing-by-stewart-peterson
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

A possible rail strike threatens grain movement and could widen basis, while a weaker dollar and firmer soybean complex support protein meal prices. Slow corn exports keep the corn feed price under pressure.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bearish ▼
- MILK: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-03-20 | [Weekly Market Wrap-Up - March 20, 2020 - The Andersons Trade Group](https://feedsoft.ai/events/6109-weekly-market-wrap-up-march-20-2020-the-andersons-trade-group.md) | -0.6% | -3.1% |
| CORN | 2017-10-05 | [River Barge Traffic Backlogged, Market Paying Farmers to Store Grain - DredgeWire : DredgeWire](https://feedsoft.ai/events/68664-river-barge-traffic-backlogged-market-paying-farmers-to-store-grain-dredgewire.md) | -0.7% | -1.0% |
| CORN | 2018-10-11 | [Grain Transportation Report a Weekly Publication of the Agricultural Marketing Service Contact Us October 11, 2018 WEEKLY HIGHLIGHTS - DocsLib](https://feedsoft.ai/events/62418-grain-transportation-report-a-weekly-publication-of-the-agricultural-marketing.md) | +4.1% | +4.1% |
| CORN | 2025-03-21 | [Spring Forward: What's On The Horizon For The Barge Market? - The Waterways Journal](https://feedsoft.ai/events/16461-spring-forward-what-s-on-the-horizon-for-the-barge-market-the-waterways-journal.md) | -4.7% | +0.6% |
| CORN | 2021-09-01 | [More Grain Terminals Found Damaged By Ida, Exports May Stall for Weeks - AgWeb](https://feedsoft.ai/events/5163-more-grain-terminals-found-damaged-by-ida-exports-may-stall-for-weeks-agweb.md) | -5.3% | -8.2% |
| WHEAT | 2019-11-23 | [Logistics putting on the pressure  — this week in the grain markets - RealAgriculture](https://feedsoft.ai/events/56109-logistics-putting-on-the-pressure-this-week-in-the-grain-markets-realagriculture.md) | +1.0% | -1.1% |
| WHEAT | 2026-04-29 | [Freight market review for Week 18 in the Azov-Black Sea and Baltic regions - Sea Lines shipping](https://feedsoft.ai/events/14125-freight-market-review-for-week-18-in-the-azov-black-sea-and-baltic-regions-sea.md) | -3.1% | -0.4% |
| WHEAT | 2019-01-06 | [South American dry spell affects market outlook - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/61184-south-american-dry-spell-affects-market-outlook-agweek-1-source-for-agriculture.md) | +0.4% | +3.1% |

## Sources

- totalfarmmarketing.com: https://www.totalfarmmarketing.com/this-week-in-dairy-12-02-2022/

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