# Grain Markets: Can We Expect a Rally in Wheat, Corn, and Soybeans Anytime Soon?

> Barchart's Darin Newsom said wheat, corn and soybeans remain weak, with wheat making new contract lows. He attributed pressure mainly to weather, citing a good Australian crop and expected rains across the US Southern Plains and Midwest.

- Date: 2024-03-06 · published 2024-03-06T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/7304-grain-markets-can-we-expect-a-rally-in-wheat-corn-and-soybeans-anytime-soon
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Rains in the US Plains and Midwest reduce drought risk and weigh on wheat and corn prices. A larger Australian crop adds to global wheat supply.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-01-20 | [Soybeans down for third session on South America rains; wheat, corn fall - Markets - Business Recorder](https://feedsoft.ai/events/8238-soybeans-down-for-third-session-on-south-america-rains-wheat-corn-fall-markets.md) | +4.0% | +2.6% |
| WHEAT | 2021-08-10 | [US corn and soybean futures decline - Markets - Business Recorder](https://feedsoft.ai/events/12610-us-corn-and-soybean-futures-decline-markets-business-recorder.md) | +3.4% | +5.1% |
| WHEAT | 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) | +2.1% | +1.0% |
| WHEAT | 2018-10-03 | [U.S. grains: Soybeans, corn ease in technical setback - AgCanada](https://feedsoft.ai/events/62574-u-s-grains-soybeans-corn-ease-in-technical-setback-agcanada.md) | -2.7% | +5.5% |
| WHEAT | 2025-08-07 | [Optimism increasing in Australian wheat market, amid July rains - Fastmarkets](https://feedsoft.ai/events/23264-optimism-increasing-in-australian-wheat-market-amid-july-rains-fastmarkets.md) | -0.8% | +0.5% |
| KWHEAT | 2017-03-21 | [Wheat leads crop markets lower as rain arrives in Kansas](https://feedsoft.ai/events/10724-wheat-leads-crop-markets-lower-as-rain-arrives-in-kansas.md) | -5.4% | -5.8% |
| KWHEAT | 2026-06-19 | [Will Corn, Soybeans and Wheat Rebound After the Holiday Selloff?](https://feedsoft.ai/events/11701-will-corn-soybeans-and-wheat-rebound-after-the-holiday-selloff.md) | -5.1% | +12.4% |
| KWHEAT | 2025-04-23 | [Grain market review: Wheat \| World Grain](https://feedsoft.ai/events/25158-grain-market-review-wheat-world-grain.md) | -5.6% | -1.8% |

## Sources

- barchart.com: https://www.barchart.com/story/news/24600463/grain-markets-can-we-expect-a-rally-in-wheat-corn-and-soybeans-anytime-soon

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