# Weather markets can be emotional

> An analyst notes that corn and soybean prices rallied in early June on weather concerns, then fell back sharply, with December corn dropping 30 cents after a 20-cent rally. The author expects ample carryover supplies to cap prices.

- Date: 2017-06-29 · published 2017-06-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/70523-weather-markets-can-be-emotional
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A failed weather rally with about 2.3 billion bushels of carryover suggests limited upside for corn and soybeans unless weather turns severe.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/weather-markets-can-be-emotional

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