# GRAIN MARKETS: Crops tumble as rain moves in

> Corn fell on June 12, erasing three days of gains, as forecasts called for rain in the Midwest to ease dryness. Soybeans and wheat also closed lower, and spring wheat fell back from contract highs. Export inspections for corn, soybeans and wheat came in above the prior week, and Saudi Arabia bought 805,000 tons of wheat.

- Date: 2017-06-12 · published 2017-06-12T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/70423-grain-markets-crops-tumble-as-rain-moves-in
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Expected rain eases the weather premium that had supported grain futures, which pressures prices across corn, soybeans and wheat. Firm export demand limits how far the decline can go.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-03-20 | [GRAINS MARKETS: Crops unable to hold early gains, end lower](https://feedsoft.ai/events/10722-grains-markets-crops-unable-to-hold-early-gains-end-lower.md) | -2.1% | -0.6% |
| CORN | 2019-09-07 | [Tumbling into September — this week in the grain markets - RealAgriculture](https://feedsoft.ai/events/9143-tumbling-into-september-this-week-in-the-grain-markets-realagriculture.md) | -0.9% | +3.4% |
| CORN | 2018-03-19 | [U.S. grains: Wheat tumbles as rains cross drought-hit Plains - Grainews](https://feedsoft.ai/events/8007-u-s-grains-wheat-tumbles-as-rains-cross-drought-hit-plains-grainews.md) | -1.2% | +2.7% |
| CORN | 2016-06-23 | [Weather Markets in Full Play as Grain Prices Plummet - Northern Ag Network](https://feedsoft.ai/events/9746-weather-markets-in-full-play-as-grain-prices-plummet-northern-ag-network.md) | -3.5% | -5.7% |
| CORN | 2026-06-02 | [Chicago grain falls as US weather lifts crop outlook - Markets - Business Recorder](https://feedsoft.ai/events/10648-chicago-grain-falls-as-us-weather-lifts-crop-outlook-markets-business-recorder.md) | -4.9% | -8.5% |
| SOY | 2017-03-20 | [GRAINS MARKETS: Crops unable to hold early gains, end lower](https://feedsoft.ai/events/10722-grains-markets-crops-unable-to-hold-early-gains-end-lower.md) | -2.4% | -4.7% |
| SOY | 2024-07-31 | [Soy tumbles to 2020 lows as rains seen aiding US crops](https://feedsoft.ai/events/29282-soy-tumbles-to-2020-lows-as-rains-seen-aiding-us-crops.md) | +0.1% | -5.8% |
| SOY | 2019-09-07 | [Tumbling into September — this week in the grain markets - RealAgriculture](https://feedsoft.ai/events/9143-tumbling-into-september-this-week-in-the-grain-markets-realagriculture.md) | +4.7% | +8.4% |

## Sources

- feedstuffs.com: https://www.feedstuffs.com/grain-market-news/grain-markets-crops-tumble-as-rain-moves-in

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