Rain delays to U.S. planting lift corn and soybean prices Heavy rain has delayed the planting of corn and soybean and soggy conditions have slowed the winter wheat harvest. Source: Financial Times, June 25, 2015 Use the supply and demand model to illustrate how the markets for corn, soybean, and wheat will change. Part 2 The graph shows the market for wheat. Draw a curve to show the effect soggy conditions will have on the market for wheat. Label it. Draw a point to show the new equilibrium price and new equilibrium quantity. . . . Question content area right Part 1 0 200 400 600 800 1000 1200 5.00 5.20 5.40 5.60 5.80 6.00 6.20 6.40 Quantity (millions of bags) Price (dollars per bag) Upper D 0Upper S 0 700 5.80 interactive graph >>>