# STEVE KELL: Sell on rumour in a weather market | FarmersForum.com

> Drought has developed in the southwestern US and across the northern Plains and Canadian Prairies, with drought monitor areas showing dryness since mid-May. The commentary says weather-driven price rallies often peak before the actual crop damage occurs.

- Date: 2021-06-18 · published 2021-06-18T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/46624-steve-kell-sell-on-rumour-in-a-weather-market-farmersforum-com
- 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

Weather fears are lifting grain prices now, but the analysis suggests the rally may fade if rain arrives or the feared yield losses fail to materialize.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-12-08 | [OPINION: If corn price stays strong, so will wheat. If not, sell both \| FarmersForum.com](https://feedsoft.ai/events/5275-opinion-if-corn-price-stays-strong-so-will-wheat-if-not-sell-both-farmersforum.md) | +0.1% | +9.5% |
| CORN | 2018-01-19 | [GRAIN MARKETS: Soybeans step higher on South American weather](https://feedsoft.ai/events/12099-grain-markets-soybeans-step-higher-on-south-american-weather.md) | +0.7% | +2.0% |
| CORN | 2024-05-31 | [Severe weather keeps Midwest farmers out of the field](https://feedsoft.ai/events/13187-severe-weather-keeps-midwest-farmers-out-of-the-field.md) | -1.5% | -6.6% |
| CORN | 2024-06-27 | [Terrain \| The Fast and Furious Corn Weather Market](https://feedsoft.ai/events/29804-terrain-the-fast-and-furious-corn-weather-market.md) | -2.3% | -0.1% |
| 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% |
| SOY | 2025-03-17 | [Market Snapshot \| Iffy U.S. weather sparks wheat rally - Pro Farmer](https://feedsoft.ai/events/5622-market-snapshot-iffy-u-s-weather-sparks-wheat-rally-pro-farmer.md) | +1.1% | +4.4% |
| SOY | 2024-05-31 | [Severe weather keeps Midwest farmers out of the field](https://feedsoft.ai/events/13187-severe-weather-keeps-midwest-farmers-out-of-the-field.md) | -0.8% | -4.9% |
| SOY | 2016-12-16 | [2016 weather propelled commodity market rollercoaster](https://feedsoft.ai/events/73322-2016-weather-propelled-commodity-market-rollercoaster.md) | -3.4% | +3.9% |

## Sources

- farmersforum.com: https://farmersforum.com/steve-kell-sell-on-rumour-in-a-weather-market/

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