# U.S. grains: Corn futures hit over one-year high on Argentine weather worries - AgCanada

> Chicago corn futures hit a 15-month high after underwhelming rain and hot, dry forecasts for Argentina's drought-hit corn and soy belt. Wheat rose on spillover support from corn, while a large Brazilian soybean harvest capped soybean gains.

- Date: 2025-01-29 · published 2025-01-29T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/6889-u-s-grains-corn-futures-hit-over-one-year-high-on-argentine-weather-worries
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Argentine yield losses tighten world corn supplies and support feed grain prices, while Brazil's big soybean crop limits upside for soy and meal.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-05-19 | [U.S. grains: Corn hits one-week high on weather worries - AgCanada](https://feedsoft.ai/events/7590-u-s-grains-corn-hits-one-week-high-on-weather-worries-agcanada.md) | +1.3% | +2.6% |
| CORN | 2021-07-14 | [U.S. grains: Corn, soybeans up on weather worries - AgCanada](https://feedsoft.ai/events/45918-u-s-grains-corn-soybeans-up-on-weather-worries-agcanada.md) | -9.8% | -13.0% |
| CORN | 2025-01-06 | [U.S. grains: Chicago corn surges to six-month high on weaker dollar, Argentina weather - AgCanada](https://feedsoft.ai/events/11604-u-s-grains-chicago-corn-surges-to-six-month-high-on-weaker-dollar-argentina.md) | +4.1% | +5.3% |
| CORN | 2019-08-30 | [U.S. grains: Corn, soy set one-week highs on weather concerns - AgCanada](https://feedsoft.ai/events/5702-u-s-grains-corn-soy-set-one-week-highs-on-weather-concerns-agcanada.md) | -2.4% | +1.4% |
| CORN | 2021-03-06 | [U.S. grains: Soy futures rally on dry Argentina weather - Grainews](https://feedsoft.ai/events/8633-u-s-grains-soy-futures-rally-on-dry-argentina-weather-grainews.md) | +2.7% | +3.0% |
| WHEAT | 2017-05-19 | [U.S. grains: Corn hits one-week high on weather worries - AgCanada](https://feedsoft.ai/events/7590-u-s-grains-corn-hits-one-week-high-on-weather-worries-agcanada.md) | +3.0% | +2.4% |
| WHEAT | 2021-07-14 | [U.S. grains: Corn, soybeans up on weather worries - AgCanada](https://feedsoft.ai/events/45918-u-s-grains-corn-soybeans-up-on-weather-worries-agcanada.md) | +1.5% | +0.1% |
| WHEAT | 2025-01-06 | [U.S. grains: Chicago corn surges to six-month high on weaker dollar, Argentina weather - AgCanada](https://feedsoft.ai/events/11604-u-s-grains-chicago-corn-surges-to-six-month-high-on-weaker-dollar-argentina.md) | -1.5% | +2.3% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-corn-futures-hit-over-one-year-high-on-argentine-weather-worries

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