# Bullish weather outlook drives futures higher

> Grain futures rallied overnight on forecasts of much warmer, drier Midwest weather for the following week. Broader stock indexes also hit record highs on hopes for central bank stimulus.

- Date: 2016-07-14 · published 2016-07-14T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/4943-bullish-weather-outlook-drives-futures-higher
- 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

Expected heat in the Midwest lifts corn and soybean prices, and risk-on sentiment from stimulus hopes adds to the upward pressure on commodity markets.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-07-27 | [Drier Weather Pushes Grain, Soybean Futures Higher \| Fox Business](https://feedsoft.ai/events/7124-drier-weather-pushes-grain-soybean-futures-higher-fox-business.md) | -1.3% | -7.0% |
| CORN | 2017-07-27 | [Crop futures higher Thurs. on dry weather \| The Western Producer](https://feedsoft.ai/events/70067-crop-futures-higher-thurs-on-dry-weather-the-western-producer.md) | -1.3% | -7.0% |
| CORN | 2017-06-09 | [DDG Prices Driven Higher by Rise in Corn Futures](https://feedsoft.ai/events/70594-ddg-prices-driven-higher-by-rise-in-corn-futures.md) | -1.0% | +0.3% |
| CORN | 2023-06-12 | [Coceral cuts EU grain harvest outlook on dry weather](https://feedsoft.ai/events/35420-coceral-cuts-eu-grain-harvest-outlook-on-dry-weather.md) | +6.8% | -3.2% |
| CORN | 2020-11-30 | [Winter Storm, Trade Progress Drive Grain Futures Higher \| Feed & Grain](https://feedsoft.ai/events/50172-winter-storm-trade-progress-drive-grain-futures-higher-feed-and-grain.md) | -1.5% | -1.0% |
| SOY | 2017-07-27 | [Drier Weather Pushes Grain, Soybean Futures Higher \| Fox Business](https://feedsoft.ai/events/7124-drier-weather-pushes-grain-soybean-futures-higher-fox-business.md) | -2.3% | -5.4% |
| SOY | 2017-07-27 | [Crop futures higher Thurs. on dry weather \| The Western Producer](https://feedsoft.ai/events/70067-crop-futures-higher-thurs-on-dry-weather-the-western-producer.md) | -2.3% | -5.4% |
| SOY | 2020-11-30 | [Winter Storm, Trade Progress Drive Grain Futures Higher \| Feed & Grain](https://feedsoft.ai/events/50172-winter-storm-trade-progress-drive-grain-futures-higher-feed-and-grain.md) | -2.4% | +5.3% |

## Sources

- farmprogress.com: https://www.farmprogress.com/soybean/bullish-weather-outlook-drives-futures-higher

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