# Commodities Market Impact Weather

> DTN meteorologists report a flash drought developing in the eastern Corn Belt, with limited rainfall and heat building in the south and east. Heavy rain continues in the northwest, and wet weather is affecting northwestern Europe. Limited relief is expected for the Black Sea region, where dry conditions persist.

- Date: 2024-06-21 · published 2024-06-21T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/13179-commodities-market-impact-weather
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Flash drought in the eastern Corn Belt and dryness in the Black Sea threaten yields of corn, soybeans and wheat, supporting prices for feed grains.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-06-25 | [Weather, exports driving factors in commodity markets \| Feed Strategy](https://feedsoft.ai/events/46664-weather-exports-driving-factors-in-commodity-markets-feed-strategy.md) | +5.6% | -5.6% |
| CORN | 2022-10-18 | [Weekly Commodities Market Update: Price Gain across Grains](https://feedsoft.ai/events/39199-weekly-commodities-market-update-price-gain-across-grains.md) | -0.9% | -2.3% |
| CORN | 2019-05-30 | [Middle East Africa Commodities - Markets - Business Recorder](https://feedsoft.ai/events/59174-middle-east-africa-commodities-markets-business-recorder.md) | -0.9% | +6.0% |
| CORN | 2017-08-02 | [Weather continues to dominate market sentiment -  Premium](https://feedsoft.ai/events/12265-weather-continues-to-dominate-market-sentiment-premium.md) | +1.2% | -7.4% |
| CORN | 2024-02-09 | [Weather market for grains - Brownfield Ag News](https://feedsoft.ai/events/13206-weather-market-for-grains-brownfield-ag-news.md) | -2.2% | +2.9% |
| SOY | 2021-06-25 | [Weather, exports driving factors in commodity markets \| Feed Strategy](https://feedsoft.ai/events/46664-weather-exports-driving-factors-in-commodity-markets-feed-strategy.md) | +5.5% | +2.2% |
| SOY | 2024-02-09 | [Weather market for grains - Brownfield Ag News](https://feedsoft.ai/events/13206-weather-market-for-grains-brownfield-ag-news.md) | -2.6% | -1.9% |
| SOY | 2017-06-09 | [Weather fears bolster grain markets against](https://feedsoft.ai/events/70424-weather-fears-bolster-grain-markets-against.md) | -0.3% | +6.2% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2024/06/21/flash-drought-eastern-corn-belt

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