# U.S. grains: Rainy forecast pushes soy to three-month high - Grainews

> CBOT July soybeans rallied 2.7% to a three-month high on Thursday as forecasts turned wet for northern growing areas, threatening further planting delays. Corn fell on disappointing export data, while wheat was mixed with spring wheat firming on planting slowdowns in the northern Plains.

- Date: 2022-05-26 · published 2022-05-26T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/41426-u-s-grains-rainy-forecast-pushes-soy-to-three-month-high-grainews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Planting delays in North Dakota, South Dakota and Minnesota raise supply risk for soybeans and spring wheat, supporting feed protein prices, while weak corn export demand pressures corn.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bearish ▼
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-02-27 | [U.S. grains: Wheat hits seven-month high on crop ratings - Grainews](https://feedsoft.ai/events/12433-u-s-grains-wheat-hits-seven-month-high-on-crop-ratings-grainews.md) | +3.1% | -0.8% |
| SOY | 2023-06-22 | [U.S. grains: Soy, corn, wheat rally to multi-month highs on weather concerns \| Farmtario](https://feedsoft.ai/events/35545-u-s-grains-soy-corn-wheat-rally-to-multi-month-highs-on-weather-concerns.md) | -4.2% | -1.3% |
| SOY | 2018-02-08 | [U.S. grains: Soybeans hit one-week top - Grainews](https://feedsoft.ai/events/10007-u-s-grains-soybeans-hit-one-week-top-grainews.md) | +3.5% | +7.2% |
| 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% |
| 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% |
| SBM | 2018-02-27 | [U.S. grains: Wheat hits seven-month high on crop ratings - Grainews](https://feedsoft.ai/events/12433-u-s-grains-wheat-hits-seven-month-high-on-crop-ratings-grainews.md) | +3.2% | -0.6% |
| SBM | 2018-02-08 | [U.S. grains: Soybeans hit one-week top - Grainews](https://feedsoft.ai/events/10007-u-s-grains-soybeans-hit-one-week-top-grainews.md) | +10.3% | +13.5% |
| SBM | 2021-03-06 | [U.S. grains: Soy futures rally on dry Argentina weather - Grainews](https://feedsoft.ai/events/8633-u-s-grains-soy-futures-rally-on-dry-argentina-weather-grainews.md) | -5.6% | -4.7% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-rainy-forecast-pushes-soy-to-three-month-high/

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