# Many factors play in to possible counter-cyclical moves in the grain markets - Agweek | #1 source for agriculture news, farming, markets

> Analyst Allison Thompson says recent price rallies in soybeans and corn were driven by South American dryness headlines, though Brazil's monsoon season typically starts in early October. She suggests the weather premium may be overdone, and notes funds are reducing short positions as harvest progresses.

- Date: 2024-09-27 · published 2024-09-27T12:00:00.000Z
- Category: weather · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/28325-many-factors-play-in-to-possible-counter-cyclical-moves-in-the-grain-markets
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Weather premium in Brazil-linked markets could fade if rains arrive on schedule, pressuring soybean and corn prices after the recent rally.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-10-16 | [Harvest season in full swing in the Midwest - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/13047-harvest-season-in-full-swing-in-the-midwest-agweek-1-source-for-agriculture.md) | +2.8% | +11.3% |
| SOY | 2026-09-25 | [Summer is over, but the weather market isn't - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12962-summer-is-over-but-the-weather-market-isn-t-agweek-1-source-for-agriculture.md) | -2.5% | -4.9% |
| SOY | 2024-02-23 | [Markets aren't concerned about weather — yet - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/31592-markets-aren-t-concerned-about-weather-yet-agweek-1-source-for-agriculture-news.md) | -1.7% | +5.6% |
| SOY | 2024-10-31 | [Early harvest completion for many areas of Midwest - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/13143-early-harvest-completion-for-many-areas-of-midwest-agweek-1-source-for.md) | +1.8% | +1.3% |
| SOY | 2024-12-12 | [Disappointing crop profitability in 2024 - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/13127-disappointing-crop-profitability-in-2024-agweek-1-source-for-agriculture-news.md) | -4.4% | +1.8% |
| CORN | 2023-12-22 | [Grains respond to continued hot, dry weather in Brazil - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/11282-grains-respond-to-continued-hot-dry-weather-in-brazil-agweek-1-source-for.md) | +2.4% | -1.8% |
| CORN | 2025-10-16 | [Harvest season in full swing in the Midwest - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/13047-harvest-season-in-full-swing-in-the-midwest-agweek-1-source-for-agriculture.md) | -0.0% | +2.8% |
| CORN | 2026-09-25 | [Summer is over, but the weather market isn't - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12962-summer-is-over-but-the-weather-market-isn-t-agweek-1-source-for-agriculture.md) | -0.3% | -6.1% |

## Sources

- agweek.com: https://www.agweek.com/business/markets/many-factors-play-in-to-possible-counter-cyclical-moves-in-the-grain-markets

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