# Market Perspectives June 23, 2016 - U.S. Grains & BioProducts Council

> Corn futures on the Chicago Board of Trade gave back most of their spring gains in four trading days as forecasts for an extended hot spell eased. Crop ratings were steady at 75 percent good to excellent, and the market is watching the pollination window about three weeks out. Feed wheat has fallen back below corn, which may pull some feed demand toward wheat.

- Date: 2016-06-23 · published 2016-06-23T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/10239-market-perspectives-june-23-2016-u-s-grains-and-bioproducts-council
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A weather-driven retreat in corn removes a risk premium, so the price bias is lower unless heat returns during pollination. Cheaper feed wheat could also shift some feed-grain demand away from corn.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-06-17 | [Market Perspectives – June 17, 2021 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/7305-market-perspectives-june-17-2021-u-s-grains-and-bioproducts-council.md) | -2.4% | +2.5% |
| CORN | 2019-09-05 | [Market Perspectives – September 5, 2019 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/9142-market-perspectives-september-5-2019-u-s-grains-and-bioproducts-council.md) | -2.8% | +3.3% |
| CORN | 2024-08-01 | [Market Perspectives - August 1, 2024 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/12103-market-perspectives-august-1-2024-u-s-grains-and-bioproducts-council.md) | -0.1% | -3.8% |
| CORN | 2019-07-31 | [Summer cools grain markets \| Global Perspective \| The Land \| NSW](https://feedsoft.ai/events/58139-summer-cools-grain-markets-global-perspective-the-land-nsw.md) | -5.0% | -9.9% |
| CORN | 2021-07-16 | [Afternoon Market Recap for July 16, 2021 - Morrow County Grain Growers](https://feedsoft.ai/events/7780-afternoon-market-recap-for-july-16-2021-morrow-county-grain-growers.md) | -0.1% | -1.0% |
| WHEAT | 2021-06-17 | [Market Perspectives – June 17, 2021 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/7305-market-perspectives-june-17-2021-u-s-grains-and-bioproducts-council.md) | -7.8% | -12.3% |
| WHEAT | 2024-08-01 | [Market Perspectives - August 1, 2024 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/12103-market-perspectives-august-1-2024-u-s-grains-and-bioproducts-council.md) | +5.0% | -2.7% |
| WHEAT | 2019-07-31 | [Summer cools grain markets \| Global Perspective \| The Land \| NSW](https://feedsoft.ai/events/58139-summer-cools-grain-markets-global-perspective-the-land-nsw.md) | -1.2% | -0.4% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-june-23-2016/

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