# Futures File: Soaring prices prove pigs can fly; weather worries push grain prices higher – Greeley Tribune

> Hog futures rose sharply to a 20-month high in late May and early June 2016 as summer grilling demand grew and investors bet on a seasonal rally. Corn neared a one-year high at $4.15 per bushel and soybeans reached about $11.70, their highest in almost two years, as wet weather damaged South American crops and a summer drought was feared in the US.

- Date: 2016-06-03 · published 2016-06-03T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/5266-futures-file-soaring-prices-prove-pigs-can-fly-weather-worries-push-grain
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Wet conditions in Brazil and Argentina cut South American supply and raise demand for US grain, while hog price strength supports demand for feed.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- HOGS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2016-06-06 | 1 | +4.2% | 7.0 | Weather worries (feared summer US drought, wet South American crops) pushed corn toward a one-year high just before the move, adding bullish supply-risk sentiment and momentum. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-04-24 | [Grain prices pushed higher as weather worries grow - Farmers Weekly](https://feedsoft.ai/events/10294-grain-prices-pushed-higher-as-weather-worries-grow-farmers-weekly.md) | +13.6% | +6.9% |
| 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 | 2025-01-29 | [U.S. grains: Corn futures hit over one-year high on Argentine weather worries - AgCanada](https://feedsoft.ai/events/6889-u-s-grains-corn-futures-hit-over-one-year-high-on-argentine-weather-worries.md) | +1.0% | -1.0% |
| CORN | 2025-07-18 | [U.S. grains: Soybean futures set two-week high on US weather worry, soyoil rally \| The Western Producer](https://feedsoft.ai/events/23828-u-s-grains-soybean-futures-set-two-week-high-on-us-weather-worry-soyoil-rally.md) | -0.0% | -2.5% |
| 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 | 2025-07-18 | [U.S. grains: Soybean futures set two-week high on US weather worry, soyoil rally \| The Western Producer](https://feedsoft.ai/events/23828-u-s-grains-soybean-futures-set-two-week-high-on-us-weather-worry-soyoil-rally.md) | -1.7% | -1.3% |
| 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

- greeleytribune.com: https://www.greeleytribune.com/2016/06/03/futures-file-soaring-prices-prove-pigs-can-fly-weather-worries-push-grain-prices-higher/

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