# Turner's Take Ag Marketing | CBOT Breaks on Better Weather

> CBOT corn fell after forecasts turned cooler in the central Midwest, improving pollination weather, with new-crop corn down 25 cents. Canola, soybeans and palm oil were 10 to 15 percent below recent highs, and soybean oil sat about 15 cents off its highs. Winter wheat harvest in Kansas was progressing.

- Date: 2022-06-14 · published 2022-06-14T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/7216-turner-s-take-ag-marketing-cbot-breaks-on-better-weather
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Improved Midwest weather reduces yield risk and pressures corn and feed grain prices, while weaker palm and canola values lower vegetable oil and meal costs for feed buyers.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- KWHEAT: bearish ▼
- CANMEAL: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-08-02 | [Brazil corn harvest to 50%; U.S. weather outlook - Morning Ag Clips](https://feedsoft.ai/events/63378-brazil-corn-harvest-to-50-u-s-weather-outlook-morning-ag-clips.md) | +9.3% | -3.4% |
| CORN | 2017-04-26 | [Canola up on planting woes, market eyes weather, trade policy \| The Western Producer](https://feedsoft.ai/events/71596-canola-up-on-planting-woes-market-eyes-weather-trade-policy-the-western-producer.md) | +0.3% | +2.2% |
| CORN | 2026-06-03 | [Grain Market Pain Continues on Weather: Cattle Fall as NWS Nears - AgWeb](https://feedsoft.ai/events/10649-grain-market-pain-continues-on-weather-cattle-fall-as-nws-nears-agweb.md) | -4.1% | -6.7% |
| CORN | 2019-09-11 | [U.S. grains: Soybeans, corn ease on crop-boosting weather - AgCanada](https://feedsoft.ai/events/9148-u-s-grains-soybeans-corn-ease-on-crop-boosting-weather-agcanada.md) | +4.2% | +9.2% |
| CORN | 2026-07-29 | [CBOT soybeans sink on favorable US weather \| Reuters](https://feedsoft.ai/events/9378-cbot-soybeans-sink-on-favorable-us-weather-reuters.md) | -3.5% | +5.0% |
| SOY | 2021-01-12 | [CBOT soyabean futures fall on better rains - Markets - Business Recorder](https://feedsoft.ai/events/9542-cbot-soyabean-futures-fall-on-better-rains-markets-business-recorder.md) | +0.8% | +2.0% |
| SOY | 2024-10-25 | [Soybean market turns on Brazil](https://feedsoft.ai/events/13540-soybean-market-turns-on-brazil.md) | -1.4% | -1.9% |
| SOY | 2018-08-21 | [Wheat market slowly turning bullish - Brownfield Ag News](https://feedsoft.ai/events/63574-wheat-market-slowly-turning-bullish-brownfield-ag-news.md) | -5.3% | -7.7% |

## Sources

- stonex.com: https://www.stonex.com/en/insights/turner-s-take-ag-marketing-cbot-breaks-on-better-weather/

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