# Rally risk rises

> A Farm Futures analysis says a shift toward El Nino could improve yield prospects after several disappointing harvests, offsetting possible losses from slow spring planting. December corn charts are tilting bearish and November soybeans fell below $13 for the first time in April.

- Date: 2023-04-17 · published 2023-04-17T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/13287-rally-risk-rises
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expected favorable summer weather under El Nino reduces the probability of a weather rally, pressuring corn and soybean futures. Slow planting remains a risk to corn yields if it persists.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-12-27 | [The Crop Year of Surprises](https://feedsoft.ai/events/13223-the-crop-year-of-surprises.md) | -2.8% | -4.6% |
| CORN | 2025-04-28 | [Brazil corn outlook holding back rally - Brownfield Ag News](https://feedsoft.ai/events/25118-brazil-corn-outlook-holding-back-rally-brownfield-ag-news.md) | -2.6% | -2.2% |
| CORN | 2021-03-22 | [U.S. grains: Corn steps back after export-led rally - AgCanada](https://feedsoft.ai/events/10763-u-s-grains-corn-steps-back-after-export-led-rally-agcanada.md) | +10.7% | +12.5% |
| CORN | 2024-10-31 | [Wheat Futures Lose Ground as Rainfall Eases Dryness](https://feedsoft.ai/events/27900-wheat-futures-lose-ground-as-rainfall-eases-dryness.md) | +2.2% | -1.3% |
| CORN | 2026-07-28 | [Panama Canal Growth Faces El Niño Shipping Risks - RFD-TV](https://feedsoft.ai/events/16803-panama-canal-growth-faces-el-nino-shipping-risks-rfd-tv.md) | -1.7% | +1.9% |
| SOY | 2023-12-27 | [The Crop Year of Surprises](https://feedsoft.ai/events/13223-the-crop-year-of-surprises.md) | -3.3% | -6.9% |
| SOY | 2019-05-17 | [U.S. grains: Corn extends rally, wheat touches six-week high - Grainews](https://feedsoft.ai/events/5631-u-s-grains-corn-extends-rally-wheat-touches-six-week-high-grainews.md) | -2.2% | +6.8% |
| SOY | 2026-07-28 | [Panama Canal Growth Faces El Niño Shipping Risks - RFD-TV](https://feedsoft.ai/events/16803-panama-canal-growth-faces-el-nino-shipping-risks-rfd-tv.md) | -3.6% | +0.7% |

## Sources

- farmprogress.com: https://www.farmprogress.com/commentary/rally-risk-rises

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