# Take advantage of rallies

> US sorghum planting was 40% complete by May 31 against a 43% five-year average, and rains have improved conditions across the sorghum belt. December 2022 corn futures traded just over $6.90 per bushel, about 70 cents below the mid-May peak.

- Date: 2022-06-13 · published 2022-06-13T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/40989-take-advantage-of-rallies
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Improved planting weather and lower corn futures reduce near-term upside, though the author expects summer rallies to offer forward pricing opportunities for sorghum and corn.

## Read by commodity

- CORN: neutral
- SORGHUM: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-10-25 | [Plenty of feed wheat available on Prairies, few takers - Grainews](https://feedsoft.ai/events/62606-plenty-of-feed-wheat-available-on-prairies-few-takers-grainews.md) | -1.3% | -5.3% |
| CORN | 2017-03-09 | [Return of the Dirty Thirties — with a vengeance](https://feedsoft.ai/events/71830-return-of-the-dirty-thirties-with-a-vengeance.md) | +0.5% | +0.6% |
| CORN | 2026-02-13 | [Risk On or Risk Off? - Field Advisor](https://feedsoft.ai/events/13017-risk-on-or-risk-off-field-advisor.md) | -1.1% | +3.5% |
| CORN | 2019-02-19 | [Sorghum rallies on ongoing dry weather \| Queensland Country Life \| QLD](https://feedsoft.ai/events/60658-sorghum-rallies-on-ongoing-dry-weather-queensland-country-life-qld.md) | +0.2% | +1.4% |
| CORN | 2025-12-30 | [Impact of Rain and Drought on December Grain Prices](https://feedsoft.ai/events/13822-impact-of-rain-and-drought-on-december-grain-prices.md) | +0.0% | -2.1% |

## Sources

- feedstuffs.com: https://www.feedstuffs.com/commentary/take-advantage-of-rallies

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