# Weather-Driven Crop Rally Takes Breather With Eye on Ukraine - Bloomberg

> Soybeans climbed for a fifth straight day to their highest intraday level in more than two weeks on concerns that August heat and dryness will hurt North American oilseed crops. Sunflowers in Europe are also wilting in similar weather, and corn rose for a fourth day.

- Date: 2022-07-27 · published 2022-07-27T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/8741-weather-driven-crop-rally-takes-breather-with-eye-on-ukraine-bloomberg
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

Heat stress on both North American oilseeds and European sunflowers tightens global vegetable-protein supplies, supporting meal prices for feed buyers.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- SUNMEAL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2022-07-28 | 5 | +14.1% | 4.2 | Soybeans rallied for a fifth straight day on concerns that August heat and dryness will hurt North American oilseed crops, which is a supply-risk driver of the 5-day gain. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-07-26 | [What’s Driving This Summer’s Weird Weather - Bloomberg](https://feedsoft.ai/events/69807-what-s-driving-this-summer-s-weird-weather-bloomberg.md) | -2.2% | -4.9% |
| SOY | 2019-05-30 | [U.S. grains: Wheat, corn, soy rally on weather woes - Grainews](https://feedsoft.ai/events/9307-u-s-grains-wheat-corn-soy-rally-on-weather-woes-grainews.md) | -0.3% | +2.6% |
| SOY | 2021-03-06 | [U.S. grains: Soy futures rally on dry Argentina weather - Grainews](https://feedsoft.ai/events/8633-u-s-grains-soy-futures-rally-on-dry-argentina-weather-grainews.md) | -1.3% | -1.5% |
| SOY | 2026-04-09 | [Rising Odds of Strong El Niño Point to Global Weather and Crop Impacts - Bloomberg](https://feedsoft.ai/events/19631-rising-odds-of-strong-el-nino-point-to-global-weather-and-crop-impacts-bloomberg.md) | +0.4% | +1.5% |
| SOY | 2022-08-29 | [Crop Tour Drives Corn Market Rally](https://feedsoft.ai/events/40050-crop-tour-drives-corn-market-rally.md) | -5.9% | -12.1% |
| CORN | 2024-09-20 | [Weather takes toll on EU grain crops \| World Grain](https://feedsoft.ai/events/28261-weather-takes-toll-on-eu-grain-crops-world-grain.md) | +0.0% | -0.9% |
| CORN | 2017-07-26 | [What’s Driving This Summer’s Weird Weather - Bloomberg](https://feedsoft.ai/events/69807-what-s-driving-this-summer-s-weird-weather-bloomberg.md) | -1.0% | -5.5% |
| CORN | 2019-05-30 | [U.S. grains: Wheat, corn, soy rally on weather woes - Grainews](https://feedsoft.ai/events/9307-u-s-grains-wheat-corn-soy-rally-on-weather-woes-grainews.md) | -0.9% | +6.0% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-07-27/weather-driven-crop-rally-takes-breather-with-eye-on-ukraine

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