# U.S. grains: Soy, corn, wheat rally to multi-month highs on weather concerns | Farmtario

> US corn, soybean and wheat futures rose to multi-month highs on June 21 as concerns grew over dry Midwest weather and global crop shortfalls. Forecasters offered little hope of moisture for the dry areas over the next two weeks. USDA also cut good-to-excellent corn and soybean ratings by more than expected.

- Date: 2023-06-22 · published 2023-06-22T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/35545-u-s-grains-soy-corn-wheat-rally-to-multi-month-highs-on-weather-concerns
- 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

Limited rain prospects and falling crop ratings raise the risk of lower US yields, which supports corn, soybean and wheat prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-05-30 | [U.S. grains: Wheat, corn, soy rally on weather woes - Grainews](https://feedsoft.ai/events/9307-u-s-grains-wheat-corn-soy-rally-on-weather-woes-grainews.md) | -0.9% | +6.0% |
| CORN | 2019-08-30 | [U.S. grains: Corn, soy set one-week highs on weather concerns - AgCanada](https://feedsoft.ai/events/5702-u-s-grains-corn-soy-set-one-week-highs-on-weather-concerns-agcanada.md) | -2.4% | +1.4% |
| CORN | 2024-09-25 | [U.S. grains: Wheat turns higher on Russia weather worries; soy, corn also rally - Grainews](https://feedsoft.ai/events/5609-u-s-grains-wheat-turns-higher-on-russia-weather-worries-soy-corn-also-rally.md) | +2.6% | +0.5% |
| CORN | 2017-06-29 | [U.S. grains: Spring wheat sets three-year top on weather woes \| Farmtario](https://feedsoft.ai/events/70516-u-s-grains-spring-wheat-sets-three-year-top-on-weather-woes-farmtario.md) | +5.9% | +3.9% |
| CORN | 2022-01-19 | [U.S. grains: Wheat, corn rally to highest since December - AgCanada](https://feedsoft.ai/events/11816-u-s-grains-wheat-corn-rally-to-highest-since-december-agcanada.md) | +2.1% | +6.9% |
| SOY | 2019-05-30 | [U.S. grains: Wheat, corn, soy rally on weather woes - Grainews](https://feedsoft.ai/events/9307-u-s-grains-wheat-corn-soy-rally-on-weather-woes-grainews.md) | -0.3% | +2.6% |
| SOY | 2019-08-30 | [U.S. grains: Corn, soy set one-week highs on weather concerns - AgCanada](https://feedsoft.ai/events/5702-u-s-grains-corn-soy-set-one-week-highs-on-weather-concerns-agcanada.md) | -1.3% | +3.1% |
| SOY | 2024-09-25 | [U.S. grains: Wheat turns higher on Russia weather worries; soy, corn also rally - Grainews](https://feedsoft.ai/events/5609-u-s-grains-wheat-turns-higher-on-russia-weather-worries-soy-corn-also-rally.md) | +1.4% | -4.8% |

## Sources

- farmtario.com: https://farmtario.com/daily/u-s-grains-soy-corn-wheat-rally-to-multi-month-highs-on-weather-concerns/

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