# Crop Tour Drives Corn Market Rally

> Corn futures rallied after Pro Farmer's Midwest Crop Tour results showed hot, dry weather reducing yields. Soybeans stayed firm and wheat edged higher, with some traders citing hot, dry Chinese conditions that could boost foreign demand for U.S. grain.

- Date: 2022-08-29 · published 2022-08-29T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/40050-crop-tour-drives-corn-market-rally
- 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

Crop tour yield readings below expectations point to tighter U.S. corn supplies and firmer feed grain prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-05-22 | [DROUGHT CONCERNS RALLY CORN & BEANS — Market Minute](https://feedsoft.ai/events/7838-drought-concerns-rally-corn-and-beans-market-minute.md) | +8.2% | +6.2% |
| CORN | 2019-05-31 | [The Start of a Corn Market Rally \| Red River Farm Network](https://feedsoft.ai/events/59125-the-start-of-a-corn-market-rally-red-river-farm-network.md) | -2.5% | +3.0% |
| CORN | 2020-12-17 | [Corn Market 246 \| Maiz'Europ'](https://feedsoft.ai/events/10129-corn-market-246-maiz-europ.md) | -1.9% | +15.2% |
| CORN | 2021-07-16 | [Prices rally as Russian crop reduces: Grain market daily \| AHDB](https://feedsoft.ai/events/46105-prices-rally-as-russian-crop-reduces-grain-market-daily-ahdb.md) | -0.1% | -1.0% |
| CORN | 2019-10-04 | [Market Reaction to USDA’s August Corn Crop Reports - farmdoc daily](https://feedsoft.ai/events/56592-market-reaction-to-usda-s-august-corn-crop-reports-farmdoc-daily.md) | +0.3% | +0.2% |
| SOY | 2023-05-22 | [DROUGHT CONCERNS RALLY CORN & BEANS — Market Minute](https://feedsoft.ai/events/7838-drought-concerns-rally-corn-and-beans-market-minute.md) | +2.3% | +13.0% |
| SOY | 2022-07-27 | [Weather-Driven Crop Rally Takes Breather With Eye on Ukraine - Bloomberg](https://feedsoft.ai/events/8741-weather-driven-crop-rally-takes-breather-with-eye-on-ukraine-bloomberg.md) | +2.4% | +2.2% |
| SOY | 2026-02-13 | [Argentina's drought continues to hit corn, soy \| Latest Market News](https://feedsoft.ai/events/13809-argentina-s-drought-continues-to-hit-corn-soy-latest-market-news.md) | +0.0% | +6.5% |

## Sources

- proag.com: https://www.proag.com/news/crop-tour-drives-corn-market-rally/

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