# Grain, Soybean Futures Lifted by Weather Premium | Fox Business

> Grain and soybean futures edged higher on Wednesday as traders weighed how weekend snow and heavy rain would affect the US crop. Snow hit new wheat in Kansas and flooded recently planted Corn Belt fields, and barge traffic on the Mississippi was disrupted. Analysts remained divided because USDA showed corn planting on track with averages.

- Date: 2017-05-03 · published 2017-05-03T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/10486-grain-soybean-futures-lifted-by-weather-premium-fox-business
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Traders are pricing a weather premium against large global stocks, so any confirmed yield damage could lift prices. Barge disruption and replanting risk add to near-term supply concerns for feed grains.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- BARGE: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-07-27 | [Drier Weather Pushes Grain, Soybean Futures Higher \| Fox Business](https://feedsoft.ai/events/7124-drier-weather-pushes-grain-soybean-futures-higher-fox-business.md) | -1.3% | -7.0% |
| CORN | 2017-11-17 | [Grain, Soybean Futures Rise; Traders Watch Argentina Weather \| Fox Business](https://feedsoft.ai/events/5282-grain-soybean-futures-rise-traders-watch-argentina-weather-fox-business.md) | +0.8% | +6.3% |
| CORN | 2017-12-01 | [Grain, Soybean Futures End Week With a Bounce \| Fox Business](https://feedsoft.ai/events/67502-grain-soybean-futures-end-week-with-a-bounce-fox-business.md) | +0.4% | +6.2% |
| CORN | 2017-05-19 | [Grain, Soybean Futures Find Footing After Brazil Rout \| Fox Business](https://feedsoft.ai/events/7587-grain-soybean-futures-find-footing-after-brazil-rout-fox-business.md) | +1.3% | +2.6% |
| CORN | 2017-12-05 | [La Niña Chases Soybean Futures Higher \| Fox Business](https://feedsoft.ai/events/67406-la-nina-chases-soybean-futures-higher-fox-business.md) | +2.8% | +5.6% |
| SOY | 2017-07-27 | [Drier Weather Pushes Grain, Soybean Futures Higher \| Fox Business](https://feedsoft.ai/events/7124-drier-weather-pushes-grain-soybean-futures-higher-fox-business.md) | -2.3% | -5.4% |
| SOY | 2017-11-17 | [Grain, Soybean Futures Rise; Traders Watch Argentina Weather \| Fox Business](https://feedsoft.ai/events/5282-grain-soybean-futures-rise-traders-watch-argentina-weather-fox-business.md) | +2.2% | -0.5% |
| SOY | 2017-12-01 | [Grain, Soybean Futures End Week With a Bounce \| Fox Business](https://feedsoft.ai/events/67502-grain-soybean-futures-end-week-with-a-bounce-fox-business.md) | +0.6% | -3.4% |

## Sources

- foxbusiness.com: https://www.foxbusiness.com/features/grain-soybean-futures-lifted-by-weather-premium

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