# Corn, soybeans higher on weather concerns - Brownfield Ag News

> Soybeans and corn rose on June 9 on commercial and technical buying and concerns about hot, dry weather over the near term in key growing areas. Soybean meal was mixed and soybean oil was higher with crude. Unknown buyers purchased 201,000 tons of US soybeans, and wheat was mixed.

- Date: 2017-06-07 · published 2017-06-07T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/70428-corn-soybeans-higher-on-weather-concerns-brownfield-ag-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Dry weather forecasts add a weather premium to corn and soybeans, supporting feed costs. Soybean meal was mixed, so the feed-cost impact is limited for now.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-07-14 | [Soybeans, corn supported by renewed weather concerns - Brownfield Ag News](https://feedsoft.ai/events/69796-soybeans-corn-supported-by-renewed-weather-concerns-brownfield-ag-news.md) | -0.8% | -1.4% |
| WHEAT | 2017-05-01 | [Weather woes support corn, soybeans, wheat - Brownfield Ag News](https://feedsoft.ai/events/10482-weather-woes-support-corn-soybeans-wheat-brownfield-ag-news.md) | +2.3% | +1.5% |
| WHEAT | 2017-07-27 | [Weather forecasts support soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/7126-weather-forecasts-support-soybeans-corn-brownfield-ag-news.md) | +6.5% | -1.1% |
| WHEAT | 2017-06-29 | [Wheat surges on weather concerns in Plains - Brownfield Ag News](https://feedsoft.ai/events/9719-wheat-surges-on-weather-concerns-in-plains-brownfield-ag-news.md) | +2.3% | -2.9% |
| WHEAT | 2017-04-28 | [Wheat supported by weather concerns - Brownfield Ag News](https://feedsoft.ai/events/71544-wheat-supported-by-weather-concerns-brownfield-ag-news.md) | +2.4% | +1.5% |
| SOY | 2022-07-28 | [Soybeans continue to climb on weather concerns - Brownfield Ag News](https://feedsoft.ai/events/8747-soybeans-continue-to-climb-on-weather-concerns-brownfield-ag-news.md) | +0.4% | -3.5% |
| SOY | 2017-07-14 | [Soybeans, corn supported by renewed weather concerns - Brownfield Ag News](https://feedsoft.ai/events/69796-soybeans-corn-supported-by-renewed-weather-concerns-brownfield-ag-news.md) | +4.2% | -4.3% |
| SOY | 2018-01-19 | [Soybean meal pulls soybeans, corn higher - Brownfield Ag News](https://feedsoft.ai/events/12096-soybean-meal-pulls-soybeans-corn-higher-brownfield-ag-news.md) | +2.0% | +5.3% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/corn-soybeans-higher-weather-concerns/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-corn-supported-demand-weather/

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