# Weather market for grains - Brownfield Ag News

> Iowa Farm Bureau's Zach Brummer said dry conditions could support grain prices in 2024, noting record 2023 corn production despite drought. He pointed to soil moisture improvements in some drier Corn Belt areas and warned a possible return of La Nina could bring another hot, dry summer.

- Date: 2024-02-09 · published 2024-02-09T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/13206-weather-market-for-grains-brownfield-ag-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The prospect of a La Nina-driven dry summer raises weather risk premium in corn and soybean futures, which supports feed grain prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-09-16 | [Grains, oilseeds up, watching weather - Brownfield Ag News](https://feedsoft.ai/events/9442-grains-oilseeds-up-watching-weather-brownfield-ag-news.md) | +3.4% | +8.3% |
| CORN | 2017-07-27 | [Weather forecasts support soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/7126-weather-forecasts-support-soybeans-corn-brownfield-ag-news.md) | -1.3% | -7.0% |
| CORN | 2019-05-24 | [Another round of weather support - Brownfield Ag News](https://feedsoft.ai/events/5439-another-round-of-weather-support-brownfield-ag-news.md) | +7.1% | +10.0% |
| CORN | 2017-06-29 | [Wheat surges on weather concerns in Plains - Brownfield Ag News](https://feedsoft.ai/events/9719-wheat-surges-on-weather-concerns-in-plains-brownfield-ag-news.md) | +5.9% | +3.9% |
| CORN | 2026-02-06 | [South American weather, quality issues could extend rally in grain markets - Brownfield Ag News](https://feedsoft.ai/events/20643-south-american-weather-quality-issues-could-extend-rally-in-grain-markets.md) | -0.7% | +1.6% |
| SOY | 2019-09-16 | [Grains, oilseeds up, watching weather - Brownfield Ag News](https://feedsoft.ai/events/9442-grains-oilseeds-up-watching-weather-brownfield-ag-news.md) | -0.2% | +5.8% |
| SOY | 2023-08-25 | [More weather support for soybeans - Brownfield Ag News](https://feedsoft.ai/events/34665-more-weather-support-for-soybeans-brownfield-ag-news.md) | -0.4% | -5.1% |
| SOY | 2017-07-27 | [Weather forecasts support soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/7126-weather-forecasts-support-soybeans-corn-brownfield-ag-news.md) | -2.3% | -5.4% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/weather-market-for-grains/

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