# Global Grain Insight: Markets will be driven by weather regardless of Brexit - Farmers Weekly

> A Nidera analyst says grain prices over harvest will be set by global supply, demand, stocks and weather rather than Brexit. In June, markets rallied on adverse weather affecting Argentine soybeans and Brazil's safrinha corn. Attention has shifted to La Nina, which could bring late-summer heat to US corn and soybean areas, though it has been weaker than feared.

- Date: 2016-07-13 · published 2016-07-13T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/7498-global-grain-insight-markets-will-be-driven-by-weather-regardless-of-brexit
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weather risk in the US and South America keeps corn and soybean prices sensitive to crop news, and a weaker pound supports UK grain prices.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-01-21 | [Analyst Insight: The Brazilian Safrinha crop could drive global grain markets \| AHDB](https://feedsoft.ai/events/48974-analyst-insight-the-brazilian-safrinha-crop-could-drive-global-grain-markets.md) | +3.8% | +2.7% |
| CORN | 2024-04-15 | [Weather a driver for the grain markets - Brownfield Ag News](https://feedsoft.ai/events/13196-weather-a-driver-for-the-grain-markets-brownfield-ag-news.md) | -0.2% | +2.0% |
| CORN | 2023-06-01 | [Feed weekly outlook: Weather market will determine grain prices - AgCanada](https://feedsoft.ai/events/35565-feed-weekly-outlook-weather-market-will-determine-grain-prices-agcanada.md) | -2.2% | -3.2% |
| CORN | 2017-09-15 | [Markets eye global weather](https://feedsoft.ai/events/68874-markets-eye-global-weather.md) | +1.4% | +4.3% |
| CORN | 2023-12-22 | [Grains respond to continued hot, dry weather in Brazil - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/11282-grains-respond-to-continued-hot-dry-weather-in-brazil-agweek-1-source-for.md) | +2.4% | -1.8% |
| SOY | 2024-04-15 | [Weather a driver for the grain markets - Brownfield Ag News](https://feedsoft.ai/events/13196-weather-a-driver-for-the-grain-markets-brownfield-ag-news.md) | -2.0% | +2.6% |
| SOY | 2017-09-15 | [Markets eye global weather](https://feedsoft.ai/events/68874-markets-eye-global-weather.md) | +0.4% | +2.6% |
| SOY | 2021-06-18 | [STEVE KELL: Sell on rumour in a weather market \| FarmersForum.com](https://feedsoft.ai/events/46624-steve-kell-sell-on-rumour-in-a-weather-market-farmersforum-com.md) | +3.1% | +9.4% |

## Sources

- fwi.co.uk: https://www.fwi.co.uk/business/markets-and-trends/crop-prices/global-grain-insight-markets-will-driven-weather-regardless-brexit

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