# Ahead of the Open - Pro Farmer

> Corn, soybeans and wheat futures fell sharply overnight as weather models shifted to cooler, wetter conditions for the Midwest in coming weeks. Rain was expected to ease dryness concerns, though some areas stay warm. India's monsoon covered two-thirds of the country about two weeks ahead of normal.

- Date: 2021-06-14 · published 2021-06-14T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/6264-ahead-of-the-open-pro-farmer
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Improved Midwest soil moisture reduces yield risk premium, pushing corn, soybean and wheat prices lower. Early monsoon rains support Indian soybean and rice planting, adding to global supply outlook.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-10-24 | [Ahead of the Open \| October 24, 2023 - Pro Farmer](https://feedsoft.ai/events/10316-ahead-of-the-open-october-24-2023-pro-farmer.md) | -4.3% | -4.8% |
| CORN | 2021-08-20 | [After the Bell \| Aug. 20, 2021 - Pro Farmer](https://feedsoft.ai/events/12606-after-the-bell-aug-20-2021-pro-farmer.md) | +0.4% | -6.4% |
| CORN | 2021-07-09 | [After the Bell \| July 9, 2021 - Pro Farmer](https://feedsoft.ai/events/10340-after-the-bell-july-9-2021-pro-farmer.md) | -6.6% | -7.9% |
| CORN | 2022-01-05 | [After the Bell \| January 5, 2022 - Pro Farmer](https://feedsoft.ai/events/5771-after-the-bell-january-5-2022-pro-farmer.md) | +1.5% | +4.5% |
| CORN | 2022-01-15 | [After the Bell \| January 14, 2022 - Pro Farmer](https://feedsoft.ai/events/7367-after-the-bell-january-14-2022-pro-farmer.md) | -0.5% | +6.0% |
| SOY | 2021-08-20 | [After the Bell \| Aug. 20, 2021 - Pro Farmer](https://feedsoft.ai/events/12606-after-the-bell-aug-20-2021-pro-farmer.md) | +3.4% | -2.9% |
| SOY | 2021-07-09 | [After the Bell \| July 9, 2021 - Pro Farmer](https://feedsoft.ai/events/10340-after-the-bell-july-9-2021-pro-farmer.md) | +4.1% | +0.9% |
| SOY | 2022-01-15 | [After the Bell \| January 14, 2022 - Pro Farmer](https://feedsoft.ai/events/7367-after-the-bell-january-14-2022-pro-farmer.md) | +3.4% | +15.7% |

## Sources

- profarmer.com: https://www.profarmer.com/news/ahead-open/ahead-open-6

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