# Terrain | The Fast and Furious Corn Weather Market

> The 2024 new-crop corn market rallied from March through May on drought and then excessive rain concerns in the US and abroad, and gave back most gains in early June. Attention now turns to whether the US crop can reach USDA's 181 bu/ac yield estimate on 90 million acres, with a June 28 USDA update expected to be a potential market mover.

- Date: 2024-06-27 · published 2024-06-27T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/29804-terrain-the-fast-and-furious-corn-weather-market
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Weather-driven yield doubts were the main source of price support this spring, so the crop's condition in the coming weeks sets the direction for corn costs. A confirmed yield shortfall would lift feed grain prices.

## Read by commodity

- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-04-15 | [Weather a driver for the grain markets - Brownfield Ag News](https://feedsoft.ai/events/13196-weather-a-driver-for-the-grain-markets-brownfield-ag-news.md) | -0.2% | +2.0% |
| CORN | 2021-06-18 | [STEVE KELL: Sell on rumour in a weather market \| FarmersForum.com](https://feedsoft.ai/events/46624-steve-kell-sell-on-rumour-in-a-weather-market-farmersforum-com.md) | +0.3% | -5.2% |
| CORN | 2021-12-27 | [Weather will provide more market volatility in the coming year  \| World Grain](https://feedsoft.ai/events/43513-weather-will-provide-more-market-volatility-in-the-coming-year-world-grain.md) | -1.3% | +3.3% |
| CORN | 2016-12-16 | [2016 weather propelled commodity market rollercoaster](https://feedsoft.ai/events/73322-2016-weather-propelled-commodity-market-rollercoaster.md) | -3.0% | -0.2% |
| CORN | 2017-09-15 | [Markets eye global weather](https://feedsoft.ai/events/68874-markets-eye-global-weather.md) | +1.4% | +4.3% |

## Sources

- terrainag.com: https://www.terrainag.com/insights/the-fast-and-furious-corn-weather-market/

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