# Market reacts to late rain patterns - Farm and Dairy

> Chicago grain futures reacted to late spring rains that have delayed corn and soybean planting, with some corn acres possibly never planted. Corn fell about 3 cents on forecasts of better weather, while soybeans held steady despite losses in the prior session.

- Date: 2017-05-30 · published 2017-05-30T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/71027-market-reacts-to-late-rain-patterns-farm-and-dairy
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Planting delays can shift acres from corn to soybeans and lower corn yield potential, but improved forecasts are currently weighing on corn prices.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-10-24 | [Better weather means harvest is rolling - Farm and Dairy](https://feedsoft.ai/events/62388-better-weather-means-harvest-is-rolling-farm-and-dairy.md) | -1.4% | -5.7% |
| CORN | 2018-04-16 | [Brazil corn farmers to get relief from late April rain: forecaster \| Reuters](https://feedsoft.ai/events/65340-brazil-corn-farmers-to-get-relief-from-late-april-rain-forecaster-reuters.md) | -0.8% | +2.6% |
| CORN | 2023-08-03 | [TFM Daily Market Update 8-3-2023 - Total Farm Marketing by Stewart-Peterson](https://feedsoft.ai/events/4053-tfm-daily-market-update-8-3-2023-total-farm-marketing-by-stewart-peterson.md) | -0.6% | -3.9% |
| CORN | 2021-01-24 | [Markets suffer sharp decline \| Farm Online \| ACT](https://feedsoft.ai/events/9541-markets-suffer-sharp-decline-farm-online-act.md) | +8.0% | +4.2% |
| CORN | 2026-06-26 | [OSU’s Todd Hubbs says Favorable Weather and Heavy Supplies Stifle Grain Markets - Oklahoma Farm Report](https://feedsoft.ai/events/11700-osu-s-todd-hubbs-says-favorable-weather-and-heavy-supplies-stifle-grain-markets.md) | -1.3% | +5.3% |
| SOY | 2023-08-03 | [TFM Daily Market Update 8-3-2023 - Total Farm Marketing by Stewart-Peterson](https://feedsoft.ai/events/4053-tfm-daily-market-update-8-3-2023-total-farm-marketing-by-stewart-peterson.md) | +0.1% | -3.4% |
| SOY | 2017-05-20 | [GRAIN MARKETS: Cold and wet forecast for Midwest lifts corn](https://feedsoft.ai/events/10219-grain-markets-cold-and-wet-forecast-for-midwest-lifts-corn.md) | -2.8% | -1.6% |
| SOY | 2021-08-28 | [Late rains could help Minnesota beans, but corn is shutting down - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/45409-late-rains-could-help-minnesota-beans-but-corn-is-shutting-down-agweek-1-source.md) | -5.6% | -5.3% |

## Sources

- farmanddairy.com: https://www.farmanddairy.com/news/market-reacts-to-late-rain-patterns/422556.html

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