# Markets eye global weather

> Farm Progress reports that grain futures were posting small losses after a volatile week, while the National Weather Service said a La Nina was likely to develop this winter. The commentary notes the event is unlikely to last into the US growing season but is associated with flood damage to Argentina's wheat crop.

- Date: 2017-09-15 · published 2017-09-15T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/68874-markets-eye-global-weather
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A likely La Nina raises the risk of dryness in Argentina and southern Brazil, which could reduce South American soybean and corn supplies and support prices. The immediate US effect is modest because the event is expected to fade before the US season.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-01-19 | [GRAIN MARKETS: Soybeans step higher on South American weather](https://feedsoft.ai/events/12099-grain-markets-soybeans-step-higher-on-south-american-weather.md) | +2.8% | +6.0% |
| WHEAT | 2026-01-23 | [Global wheat market faces steep competition amid ample supply](https://feedsoft.ai/events/21100-global-wheat-market-faces-steep-competition-amid-ample-supply.md) | +3.7% | +5.5% |
| WHEAT | 2025-03-27 | [Tariff Uncertainty and Weather Intensify Market Volatility](https://feedsoft.ai/events/25621-tariff-uncertainty-and-weather-intensify-market-volatility.md) | -1.4% | +1.9% |
| WHEAT | 2025-02-25 | [DTN Ag Weather Brief](https://feedsoft.ai/events/26239-dtn-ag-weather-brief.md) | -4.7% | -0.1% |
| WHEAT | 2019-06-12 | [Weather Concerns Impacting Wheat Market \| Red River Farm Network](https://feedsoft.ai/events/58652-weather-concerns-impacting-wheat-market-red-river-farm-network.md) | -5.3% | -8.6% |
| CORN | 2017-11-06 | [Weather continues to influence global markets \| Crops \| leadertelegram.com](https://feedsoft.ai/events/67813-weather-continues-to-influence-global-markets-crops-leadertelegram-com.md) | -4.4% | -4.2% |
| CORN | 2024-04-15 | [Weather a driver for the grain markets - Brownfield Ag News](https://feedsoft.ai/events/13196-weather-a-driver-for-the-grain-markets-brownfield-ag-news.md) | -0.2% | +2.0% |
| CORN | 2016-07-13 | [Global Grain Insight: Markets will be driven by weather regardless of Brexit - Farmers Weekly](https://feedsoft.ai/events/7498-global-grain-insight-markets-will-be-driven-by-weather-regardless-of-brexit.md) | +7.6% | +2.1% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/markets-eye-global-weather

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