# Weather fears bolster grain markets against

> Grain futures held firm despite the USDA WASDE report showing larger-than-expected grain and soybean supplies. Weather concerns, including heat and dryness in the Midwest and Northern Plains, offset the bearish supply numbers.

- Date: 2017-06-09 · published 2017-06-09T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/70424-weather-fears-bolster-grain-markets-against
- 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

Weather risk is outweighing the surplus signal from the USDA, so prices are likely to stay supported until the forecasts change. Corn, soybeans and wheat all carry this weather premium.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-02-09 | [Weather market for grains - Brownfield Ag News](https://feedsoft.ai/events/13206-weather-market-for-grains-brownfield-ag-news.md) | -2.2% | +2.9% |
| CORN | 2021-07-06 | [Weather, tight stocks dictate grain markets](https://feedsoft.ai/events/46120-weather-tight-stocks-dictate-grain-markets.md) | -1.9% | -12.4% |
| CORN | 2019-05-14 | [Weather, China, carryout = grim grain markets - Farm and Dairy](https://feedsoft.ai/events/5737-weather-china-carryout-grim-grain-markets-farm-and-dairy.md) | +7.0% | +11.7% |
| CORN | 2021-07-29 | [Weather adds uncertainty to global grain markets: Feed market report \| AHDB](https://feedsoft.ai/events/46176-weather-adds-uncertainty-to-global-grain-markets-feed-market-report-ahdb.md) | -0.3% | -0.3% |
| CORN | 2024-04-22 | [U.S. grains: Wheat futures rally as weather risks rattle markets - AgCanada](https://feedsoft.ai/events/12140-u-s-grains-wheat-futures-rally-as-weather-risks-rattle-markets-agcanada.md) | -0.6% | +2.1% |
| SOY | 2024-02-09 | [Weather market for grains - Brownfield Ag News](https://feedsoft.ai/events/13206-weather-market-for-grains-brownfield-ag-news.md) | -2.6% | -1.9% |
| SOY | 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) | +2.0% | +5.3% |
| SOY | 2024-04-22 | [U.S. grains: Wheat futures rally as weather risks rattle markets - AgCanada](https://feedsoft.ai/events/12140-u-s-grains-wheat-futures-rally-as-weather-risks-rattle-markets-agcanada.md) | +0.8% | +6.7% |

## Sources

- zmp.de: https://www.zmp.de/en/futures/news/press-review-weather-fears-bolster-grain-markets-against-bigger-expected-supply-data

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