# U.S. grains: Corn hits one-week high on weather worries - AgCanada

> U.S. corn futures rose nearly 2% on May 19, 2017, to a one-week high as cool temperatures and excess rain in the Midwest led traders to cover short positions. Soybeans firmed after Thursday's selloff, and wheat climbed on wet conditions in winter wheat areas and a weaker dollar.

- Date: 2017-05-19 · published 2017-05-19T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/7590-u-s-grains-corn-hits-one-week-high-on-weather-worries-agcanada
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Flooding and poor emergence may force corn reseeding, and late planting cuts yield potential, supporting corn and wheat prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2017-05-22 | 1 | +2.7% | 3.4 | Wheat climbed on May 19 on wet winter wheat conditions and a weaker dollar, which set up the rally carried into the May 22 session. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-07-14 | [U.S. grains: Corn, soybeans up on weather worries - AgCanada](https://feedsoft.ai/events/45918-u-s-grains-corn-soybeans-up-on-weather-worries-agcanada.md) | -9.8% | -13.0% |
| CORN | 2019-08-30 | [U.S. grains: Corn, soy set one-week highs on weather concerns - AgCanada](https://feedsoft.ai/events/5702-u-s-grains-corn-soy-set-one-week-highs-on-weather-concerns-agcanada.md) | -2.4% | +1.4% |
| CORN | 2025-01-29 | [U.S. grains: Corn futures hit over one-year high on Argentine weather worries - AgCanada](https://feedsoft.ai/events/6889-u-s-grains-corn-futures-hit-over-one-year-high-on-argentine-weather-worries.md) | +1.0% | -1.0% |
| CORN | 2021-02-17 | [U.S. grains: Wheat climbs to one-week high on frigid U.S. weather - AgCanada](https://feedsoft.ai/events/9252-u-s-grains-wheat-climbs-to-one-week-high-on-frigid-u-s-weather-agcanada.md) | +0.3% | -4.7% |
| CORN | 2024-09-25 | [U.S. grains: Wheat turns higher on Russia weather worries; soy, corn also rally - Grainews](https://feedsoft.ai/events/5609-u-s-grains-wheat-turns-higher-on-russia-weather-worries-soy-corn-also-rally.md) | +2.6% | +0.5% |
| SOY | 2021-07-14 | [U.S. grains: Corn, soybeans up on weather worries - AgCanada](https://feedsoft.ai/events/45918-u-s-grains-corn-soybeans-up-on-weather-worries-agcanada.md) | +0.4% | +0.7% |
| SOY | 2019-08-30 | [U.S. grains: Corn, soy set one-week highs on weather concerns - AgCanada](https://feedsoft.ai/events/5702-u-s-grains-corn-soy-set-one-week-highs-on-weather-concerns-agcanada.md) | -1.3% | +3.1% |
| SOY | 2021-02-17 | [U.S. grains: Wheat climbs to one-week high on frigid U.S. weather - AgCanada](https://feedsoft.ai/events/9252-u-s-grains-wheat-climbs-to-one-week-high-on-frigid-u-s-weather-agcanada.md) | +1.5% | +2.8% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-corn-hits-one-week-high-on-weather-worries

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