# Weather market dominant once again  - 03 May 2017 Premium

> Snow and lodging in US wheat fields, plus dryness concerns in Europe and Russia, pushed futures higher over the past week, mainly driven by fund activity. Physical grain prices rose only slightly, and traders remain unconvinced of lasting losses.

- Date: 2017-05-03 · published 2017-05-03T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/6140-weather-market-dominant-once-again-03-may-2017-premium
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Weather-driven fund buying lifts futures more than physical supply, so the price rally may fade if crop losses prove limited.

## Read by commodity

- CORN: neutral
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-05-02 | [Grain prices: wheat futures bounce back - 02 May 2017 Premium](https://feedsoft.ai/events/6139-grain-prices-wheat-futures-bounce-back-02-may-2017-premium.md) | -2.3% | -1.4% |
| WHEAT | 2018-06-06 | [Grain report: weather market is now increasingly sensitive  -  Premium](https://feedsoft.ai/events/64588-grain-report-weather-market-is-now-increasingly-sensitive-premium.md) | +0.2% | -6.4% |
| WHEAT | 2017-06-09 | [Weather fears bolster grain markets against](https://feedsoft.ai/events/70424-weather-fears-bolster-grain-markets-against.md) | -1.0% | +0.5% |
| WHEAT | 2018-02-16 | [Wheat Holds Weather Premium](https://feedsoft.ai/events/66557-wheat-holds-weather-premium.md) | -0.8% | +1.4% |
| WHEAT | 2021-06-29 | [Protein premiums push higher: Grain market daily \| AHDB](https://feedsoft.ai/events/46637-protein-premiums-push-higher-grain-market-daily-ahdb.md) | -1.2% | -4.3% |
| CORN | 2017-05-02 | [Grain prices: wheat futures bounce back - 02 May 2017 Premium](https://feedsoft.ai/events/6139-grain-prices-wheat-futures-bounce-back-02-may-2017-premium.md) | -0.6% | +1.5% |
| CORN | 2017-10-24 | [Grain prices: wet weather hits winter sowings across Europe - 24 October 2017 Premium](https://feedsoft.ai/events/68484-grain-prices-wet-weather-hits-winter-sowings-across-europe-24-october-2017.md) | -0.6% | -5.0% |
| CORN | 2023-06-01 | [Feed weekly outlook: Weather market will determine grain prices - AgCanada](https://feedsoft.ai/events/35565-feed-weekly-outlook-weather-market-will-determine-grain-prices-agcanada.md) | -2.2% | -3.2% |

## Sources

- farmersjournal.ie: https://www.farmersjournal.ie/tillage/markets/weather-market-dominant-once-again-274604

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