# Extreme weather brings CBoT into price rally - Inside: Grains & Raw Material | Boerenbusiness. Nl

> US grain futures rallied after weekend frost in Kansas, Colorado and Oklahoma and flooding in Arkansas, Nebraska and Illinois forced some growers to overseed. Wheat on CBOT reached a six-week high on Monday, with corn and soybeans also higher. The full extent of the crop damage remained unclear.

- Date: 2017-05-01 · published 2017-05-01T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/10487-extreme-weather-brings-cbot-into-price-rally-inside-grains-and-raw-material
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Confirmed losses and resowing point to lower near-term production, supporting corn, soybean and wheat prices. The price response shows the market is reacting quickly to weather risk in key growing areas.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2017-05-01 | 1 | +1.9% | 3.4 | Weekend frost and flooding forced overseeding and drove a broad CBOT rally on May 1, with corn higher on potential planting and replanting losses. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-08-20 | [European feed grain market remains very strong - Inside Grains & Raw Material \| Boerenbusiness. Nl](https://feedsoft.ai/events/63588-european-feed-grain-market-remains-very-strong-inside-grains-and-raw-material.md) | -1.4% | +5.2% |
| WHEAT | 2017-06-27 | [Significant contraction of wheat harvest in Spain and Italy - Inside: Grains & Raw Material \| Boerenbusiness. Nl](https://feedsoft.ai/events/70431-significant-contraction-of-wheat-harvest-in-spain-and-italy-inside-grains-and.md) | +3.2% | -2.8% |
| WHEAT | 2021-07-29 | [How is the grain harvest in Europe? - Inside Grains \| Boerenbusiness. Nl](https://feedsoft.ai/events/46025-how-is-the-grain-harvest-in-europe-inside-grains-boerenbusiness-nl.md) | +2.2% | +2.5% |
| WHEAT | 2024-05-09 | [Wheat Prices Have Soared on Global Conflict, Extreme Weather - Markets Insider](https://feedsoft.ai/events/30292-wheat-prices-have-soared-on-global-conflict-extreme-weather-markets-insider.md) | +2.0% | +6.5% |
| WHEAT | 2019-05-29 | [Market alert - grains experience wild price rally \| XTB](https://feedsoft.ai/events/10899-market-alert-grains-experience-wild-price-rally-xtb.md) | +9.6% | +15.3% |
| CORN | 2024-12-27 | [Extreme weather to persist in 2025, raising concerns for agribusiness](https://feedsoft.ai/events/13526-extreme-weather-to-persist-in-2025-raising-concerns-for-agribusiness.md) | -0.5% | +5.6% |
| CORN | 2022-05-23 | [Weather boosts rally price targets](https://feedsoft.ai/events/13361-weather-boosts-rally-price-targets.md) | +0.0% | -1.2% |
| CORN | 2019-05-29 | [Market alert - grains experience wild price rally \| XTB](https://feedsoft.ai/events/10899-market-alert-grains-experience-wild-price-rally-xtb.md) | +0.4% | +6.4% |

## Sources

- en.boerenbusiness.nl: https://en.boerenbusiness.nl/granen-grondstof/artikel/10874323/extreem-weer-brengt-cbot-in-prijsrally

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