# Are we seeing a summer weather rally? — This week in the grain markets - RealAgriculture

> Grain markets ended mixed in the week to July 18, with wheat erasing gains after Chicago SRW hit a three-month high. Corn and soybeans stayed range-bound despite a record Chinese corn purchase, as July rains reduced weather risk.

- Date: 2020-07-18 · published 2020-07-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52149-are-we-seeing-a-summer-weather-rally-this-week-in-the-grain-markets
- 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

Adequate Corn Belt rainfall eases yield concerns and offsets strong Chinese buying, keeping corn and soybean prices capped in the near term.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼
- WHEAT: neutral

## Sources

- realagriculture.com: https://www.realagriculture.com/2020/07/are-we-seeing-a-summer-weather-rally-this-week-in-the-grain-markets/

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